Oppenheimer & Co. Inc. Sells 1,791 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Oppenheimer & Co. Inc. lessened its stake in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 209,316 shares of the company’s stock after selling 1,791 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in BlackRock Innovation and Growth Term Trust were worth $1,580,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BIGZ. Janney Montgomery Scott LLC raised its stake in shares of BlackRock Innovation and Growth Term Trust by 9.8% in the first quarter. Janney Montgomery Scott LLC now owns 69,186 shares of the company’s stock valued at $563,000 after buying an additional 6,202 shares during the period. Karpus Management Inc. lifted its holdings in BlackRock Innovation and Growth Term Trust by 24.2% during the first quarter. Karpus Management Inc. now owns 1,495,480 shares of the company’s stock valued at $12,173,000 after purchasing an additional 291,622 shares during the last quarter. Prudent Investors Network Inc. bought a new position in BlackRock Innovation and Growth Term Trust during the first quarter worth about $174,000. B. Riley Wealth Advisors Inc. increased its stake in shares of BlackRock Innovation and Growth Term Trust by 14.3% in the first 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 raised its position in shares of BlackRock Innovation and Growth Term Trust by 9.4% in the second 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 during the period.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. acquired 83,524 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was bought at an average cost of $7.27 per share, for a total transaction of $607,219.48. Following the completion of the transaction, the insider now owns 54,558,121 shares of the company’s stock, valued at $396,637,539.67. The trade was a 0.15 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders purchased 1,549,771 shares of company stock worth $11,707,832.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of BIGZ stock opened at $7.54 on Monday. BlackRock Innovation and Growth Term Trust has a 12 month low of $6.66 and a 12 month high of $8.25. The firm’s 50 day moving average is $7.57 and its 200 day moving average is $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 issued a $0.0863 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 13.74%. The ex-dividend date of this dividend is Friday, November 15th.

BlackRock Innovation and Growth Term Trust 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.