Covestor Ltd Cuts Stake in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Covestor Ltd decreased its position in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 13.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,211 shares of the company’s stock after selling 1,709 shares during the period. Covestor Ltd’s holdings in BlackRock Innovation and Growth Term Trust were worth $85,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC boosted its holdings in BlackRock Innovation and Growth Term Trust by 9.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 69,186 shares of the company’s stock valued at $563,000 after purchasing an additional 6,202 shares in the last quarter. Karpus Management Inc. raised its position in BlackRock Innovation and Growth Term Trust by 24.2% in the first quarter. Karpus Management Inc. now owns 1,495,480 shares of the company’s stock worth $12,173,000 after acquiring an additional 291,622 shares in the last quarter. Prudent Investors Network Inc. acquired a new stake in BlackRock Innovation and Growth Term Trust in the first quarter valued at $174,000. B. Riley Wealth Advisors Inc. boosted its position in shares of BlackRock Innovation and Growth Term Trust by 14.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 38,560 shares of the company’s stock worth $314,000 after purchasing an additional 4,810 shares in the last quarter. Finally, Dakota Wealth Management increased its holdings in shares of BlackRock Innovation and Growth Term Trust by 9.4% in the 2nd quarter. Dakota Wealth Management now owns 21,217 shares of the company’s stock valued at $153,000 after purchasing an additional 1,824 shares in the last quarter.

Insider Transactions at BlackRock Innovation and Growth Term Trust

In other news, major shareholder Saba Capital Management, L.P. acquired 83,524 shares of BlackRock Innovation and Growth Term Trust stock in a transaction that occurred on Wednesday, August 21st. The stock was purchased at an average cost of $7.27 per share, with a total value of $607,219.48. Following the completion of the acquisition, the insider now owns 54,558,121 shares in the company, valued at $396,637,539.67. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have bought 1,491,783 shares of company stock valued at $11,232,515 in the last quarter.

BlackRock Innovation and Growth Term Trust Trading Up 0.7 %

Shares of NYSE BIGZ opened at $7.81 on Thursday. BlackRock Innovation and Growth Term Trust has a 52 week low of $6.66 and a 52 week high of $8.25. The firm has a 50-day moving average price of $7.55 and a 200 day moving average price of $7.40.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.0863 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 13.27%.

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.