LPL Financial LLC Boosts Position in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

LPL Financial LLC grew its position in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 16.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,734 shares of the company’s stock after buying an additional 10,897 shares during the quarter. LPL Financial LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $571,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in BlackRock Innovation and Growth Term Trust during the 4th quarter valued at about $21,571,000. Absolute Investment Advisers LLC acquired a new stake in shares of BlackRock Innovation and Growth Term Trust in the fourth quarter valued at approximately $9,435,000. Rivernorth Capital Management LLC increased its stake in shares of BlackRock Innovation and Growth Term Trust by 108.5% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,142,760 shares of the company’s stock worth $8,628,000 after purchasing an additional 594,776 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its position in shares of BlackRock Innovation and Growth Term Trust by 4.9% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 389,604 shares of the company’s stock worth $2,899,000 after purchasing an additional 18,328 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in BlackRock Innovation and Growth Term Trust by 13.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 236,740 shares of the company’s stock worth $1,761,000 after buying an additional 27,424 shares in the last quarter.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of NYSE:BIGZ opened at $5.67 on Thursday. BlackRock Innovation and Growth Term Trust has a 52-week low of $6.66 and a 52-week high of $8.31. The stock’s fifty day simple moving average is $6.55 and its 200-day simple moving average is $7.36.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.0862 dividend. The ex-dividend date was Friday, March 14th. This represents a yield of 16.15%.

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.