Stifel Financial Corp Decreases Stake in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Stifel Financial Corp trimmed its position in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 15.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 265,623 shares of the company’s stock after selling 47,594 shares during the period. Stifel Financial Corp’s holdings in BlackRock Innovation and Growth Term Trust were worth $2,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the second quarter valued at about $75,000. Tempus Wealth Planning LLC acquired a new position in BlackRock Innovation and Growth Term Trust in the 2nd quarter worth approximately $76,000. PFG Investments LLC raised its position in 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 buying an additional 10,099 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new stake in BlackRock Innovation and Growth Term Trust during the 3rd quarter valued at approximately $245,000. Finally, Captrust Financial Advisors boosted its holdings in shares of BlackRock Innovation and Growth Term Trust by 4.8% in the 3rd quarter. Captrust Financial Advisors now owns 32,800 shares of the company’s stock valued at $248,000 after acquiring an additional 1,500 shares during the last quarter.

Insider Buying and Selling

In other BlackRock Innovation and Growth Term Trust news, major shareholder Saba Capital Management, L.P. bought 350,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of $7.91 per share, for a total transaction of $2,768,500.00. Following the transaction, the insider now directly owns 59,546,236 shares of the company’s stock, valued at approximately $471,010,726.76. The trade was a 0.59 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have purchased a total of 2,502,242 shares of company stock valued at $19,473,822 over the last ninety days.

BlackRock Innovation and Growth Term Trust Stock Down 0.3 %

NYSE:BIGZ opened at $7.48 on Friday. The firm’s fifty day moving average is $7.74 and its two-hundred day moving average is $7.48. BlackRock Innovation and Growth Term Trust has a one year low of $6.66 and a one year high of $8.25.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 16th will be issued a dividend of $0.0868 per share. This represents a $1.04 annualized dividend and a yield of 13.92%. The ex-dividend date of this dividend is Monday, December 16th.

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.