BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stock Holdings Lessened by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC cut its stake in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 39.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,100 shares of the company’s stock after selling 10,000 shares during the period. Insigneo Advisory Services LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $102,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. purchased a new position in shares of BlackRock Innovation and Growth Term Trust during the 2nd quarter valued at $75,000. Prevail Innovative Wealth Advisors LLC acquired a new position in BlackRock Innovation and Growth Term Trust in the 2nd quarter worth about $1,931,000. PFG Investments LLC raised its stake in shares of BlackRock Innovation and Growth Term Trust by 75.1% during the 2nd quarter. PFG Investments LLC now owns 23,538 shares of the company’s stock worth $170,000 after purchasing an additional 10,099 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of BlackRock Innovation and Growth Term Trust by 56.9% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 368,889 shares of the company’s stock valued at $2,667,000 after buying an additional 133,761 shares during the last quarter. Finally, Shaker Financial Services LLC grew its stake in shares of BlackRock Innovation and Growth Term Trust by 136.1% in the 2nd quarter. Shaker Financial Services LLC now owns 92,062 shares of the company’s stock valued at $666,000 after buying an additional 53,062 shares in the last quarter.

Insider Activity at BlackRock Innovation and Growth Term Trust

In related news, major shareholder Saba Capital Management, L.P. bought 382,948 shares of the business’s stock in a transaction on Monday, July 15th. The shares were bought at an average cost of $7.49 per share, for a total transaction of $2,868,280.52. Following the completion of the acquisition, the insider now directly owns 53,649,668 shares in the company, valued at $401,836,013.32. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders acquired 2,024,294 shares of company stock valued at $14,926,231.

BlackRock Innovation and Growth Term Trust Stock Performance

NYSE:BIGZ opened at $7.60 on Friday. The stock’s 50 day moving average price is $7.30 and its 200 day moving average price is $7.41. BlackRock Innovation and Growth Term Trust has a 52 week low of $6.21 and a 52 week high of $8.25.

BlackRock Innovation and Growth Term Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.0864 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 13.65%.

About BlackRock Innovation and Growth Term Trust

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.