International Assets Investment Management LLC Invests $3.47 Million in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

International Assets Investment Management LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 47,322 shares of the company’s stock, valued at approximately $3,470,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BIGZ. Wolverine Asset Management LLC bought a new position in BlackRock Innovation and Growth Term Trust in the 3rd quarter worth about $27,000. CWM LLC boosted its stake in BlackRock Innovation and Growth Term Trust by 5,155.0% in the 3rd quarter. CWM LLC now owns 6,306 shares of the company’s stock worth $44,000 after purchasing an additional 6,186 shares during the period. PNC Financial Services Group Inc. boosted its stake in BlackRock Innovation and Growth Term Trust by 272.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,696 shares of the company’s stock worth $46,000 after purchasing an additional 4,896 shares during the period. Captrust Financial Advisors bought a new position in BlackRock Innovation and Growth Term Trust in the 2nd quarter worth about $71,000. Finally, Nomura Holdings Inc. bought a new position in BlackRock Innovation and Growth Term Trust in the 2nd quarter worth about $81,000.

Insider Buying and Selling at BlackRock Innovation and Growth Term Trust

In other BlackRock Innovation and Growth Term Trust news, major shareholder Saba Capital Management, L.P. purchased 307,937 shares of the stock in a transaction on Wednesday, January 24th. The shares were purchased at an average price of $7.49 per share, with a total value of $2,306,448.13. Following the acquisition, the insider now directly owns 45,009,883 shares in the company, valued at approximately $337,124,023.67. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 4,605,860 shares of company stock valued at $36,262,906 in the last 90 days.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of NYSE BIGZ opened at $7.18 on Thursday. BlackRock Innovation and Growth Term Trust has a 52 week low of $6.21 and a 52 week high of $8.35. The business has a 50-day simple moving average of $7.92 and a two-hundred day simple moving average of $7.42.

BlackRock Innovation and Growth Term Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a $0.0445 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.53 annualized dividend and a dividend yield of 7.43%. This is a boost from BlackRock Innovation and Growth Term Trust’s previous monthly dividend of $0.04.

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.