Yakira Capital Management Inc. Invests $119,000 in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Yakira Capital Management Inc. purchased a new stake in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 16,000 shares of the company’s stock, valued at approximately $119,000.

Other hedge funds have also bought and sold shares of the company. CIBC Private Wealth Group LLC bought a new stake in shares of BlackRock Innovation and Growth Term Trust in the 4th quarter worth approximately $51,000. Avantax Advisory Services Inc. purchased a new position in BlackRock Innovation and Growth Term Trust during the fourth quarter valued at $82,000. SeaCrest Wealth Management LLC bought a new stake in BlackRock Innovation and Growth Term Trust in the fourth quarter worth $110,000. Commonwealth Equity Services LLC grew its stake in shares of BlackRock Innovation and Growth Term Trust by 24.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 14,780 shares of the company’s stock worth $110,000 after acquiring an additional 2,890 shares during the last quarter. Finally, Vista Investment Partners II LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust during the fourth quarter valued at $121,000.

Insider Activity at BlackRock Innovation and Growth Term Trust

In other BlackRock Innovation and Growth Term Trust news, major shareholder Saba Capital Management, L.P. purchased 282,123 shares of the stock in a transaction dated Monday, January 6th. The shares were purchased at an average cost of $7.72 per share, with a total value of $2,177,989.56. Following the completion of the acquisition, the insider now directly owns 60,615,765 shares in the company, valued at $467,953,705.80. This trade represents a 0.47 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

BlackRock Innovation and Growth Term Trust Trading Down 4.4 %

Shares of BlackRock Innovation and Growth Term Trust stock opened at $5.60 on Friday. BlackRock Innovation and Growth Term Trust has a 1 year low of $6.66 and a 1 year high of $8.31. The firm’s 50-day moving average is $7.28 and its 200 day moving average is $7.55.

BlackRock Innovation and Growth Term Trust Announces Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.0862 per share. This represents a dividend yield of 16.15%. The ex-dividend date of this dividend was Friday, March 14th.

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.