BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Position Boosted by Jane Street Group LLC

Jane Street Group LLC raised its holdings in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 421.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,072 shares of the company’s stock after acquiring an additional 49,367 shares during the quarter. Jane Street Group LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $461,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BIGZ. Penserra Capital Management LLC bought a new stake in shares of BlackRock Innovation and Growth Term Trust in the 3rd quarter valued at approximately $15,076,000. Rivernorth Capital Management LLC grew its stake in shares of BlackRock Innovation and Growth Term Trust by 101.6% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,104,819 shares of the company’s stock valued at $8,341,000 after buying an additional 556,835 shares in the last quarter. Almitas Capital LLC bought a new stake in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at approximately $3,928,000. Sessa Capital IM L.P. grew its stake in shares of BlackRock Innovation and Growth Term Trust by 15.0% in the 2nd quarter. Sessa Capital IM L.P. now owns 2,739,993 shares of the company’s stock valued at $19,810,000 after buying an additional 356,372 shares in the last quarter. Finally, Quarry LP grew its stake in shares of BlackRock Innovation and Growth Term Trust by 251.2% in the 2nd quarter. Quarry LP now owns 397,934 shares of the company’s stock valued at $2,877,000 after buying an additional 284,634 shares in the last quarter.

Insider Buying and Selling

In other BlackRock Innovation and Growth Term Trust news, major shareholder Saba Capital Management, L.P. purchased 106,617 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was bought at an average cost of $7.46 per share, for a total transaction of $795,362.82. Following the completion of the acquisition, the insider now directly owns 60,262,743 shares in the company, valued at $449,560,062.78. This represents a 0.18 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders purchased 2,735,466 shares of company stock worth $21,208,604.

BlackRock Innovation and Growth Term Trust Stock Performance

BIGZ opened at $7.75 on Tuesday. The business has a 50 day moving average price of $7.73 and a 200 day moving average price of $7.50. BlackRock Innovation and Growth Term Trust has a twelve month low of $6.66 and a twelve month high of $8.25.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.0868 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.04 annualized dividend and a yield of 13.44%.

BlackRock Innovation and Growth Term Trust Company Profile

BlackRock Innovation and Growth Term Trust is a mutual fund launched by BlackRock, Inc and managed by BlackRock Advisors, LLC. BlackRock Innovation and Growth Term Trust is based in United States.