32,500 Shares in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Purchased by Garden State Investment Advisory Services LLC

Garden State Investment Advisory Services LLC purchased a new position in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) during the third quarter, Holdings Channel reports. The fund purchased 32,500 shares of the company’s stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sessa Capital IM L.P. boosted its holdings 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 worth $19,810,000 after buying an additional 356,372 shares during the last quarter. Penserra Capital Management LLC bought a new stake in BlackRock Innovation and Growth Term Trust in the 3rd quarter valued at about $15,076,000. Wolverine Asset Management LLC bought a new stake in BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at about $4,192,000. Almitas Capital LLC bought a new stake in BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at about $3,928,000. Finally, Quarry LP raised its stake in 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 acquiring an additional 284,634 shares during the period.

Insider Activity at BlackRock Innovation and Growth Term Trust

In related news, major shareholder Saba Capital Management, L.P. purchased 5,581 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were purchased at an average cost of $7.53 per share, for a total transaction of $42,024.93. Following the completion of the transaction, the insider now directly owns 55,825,413 shares in the company, valued at approximately $420,365,359.89. This represents a 0.01 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders have bought 1,863,134 shares of company stock worth $14,239,347.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of BlackRock Innovation and Growth Term Trust stock opened at $8.02 on Tuesday. BlackRock Innovation and Growth Term Trust has a 52-week low of $6.66 and a 52-week high of $8.25. The stock’s 50-day simple moving average is $7.65 and its 200 day simple moving average is $7.44.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.0863 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 12.92%. The ex-dividend date was 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.