International Assets Investment Management LLC Invests $1.69 Million in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

International Assets Investment Management LLC acquired a new stake in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 22,318 shares of the company’s stock, valued at approximately $1,690,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BIGZ. Janney Montgomery Scott LLC raised its position in BlackRock Innovation and Growth Term Trust by 9.8% during the first quarter. Janney Montgomery Scott LLC now owns 69,186 shares of the company’s stock valued at $563,000 after acquiring an additional 6,202 shares in the last quarter. Whittier Trust Co. acquired a new position in shares of BlackRock Innovation and Growth Term Trust during the 1st quarter worth $122,000. Karpus Management Inc. lifted its stake in shares of BlackRock Innovation and Growth Term Trust by 24.2% in the 1st quarter. Karpus Management Inc. now owns 1,495,480 shares of the company’s stock valued at $12,173,000 after purchasing an additional 291,622 shares during the last quarter. Prudent Investors Network Inc. bought a new stake in BlackRock Innovation and Growth Term Trust in the first quarter worth $174,000. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in BlackRock Innovation and Growth Term Trust by 14.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 38,560 shares of the company’s stock worth $314,000 after purchasing an additional 4,810 shares in the last quarter.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. purchased 61,003 shares of the stock in a transaction on Wednesday, October 30th. The shares were bought at an average price of $7.66 per share, for a total transaction of $467,282.98. Following the completion of the acquisition, the insider now directly owns 57,142,055 shares in the company, valued at approximately $437,708,141.30. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders purchased 1,495,412 shares of company stock worth $11,198,079.

BlackRock Innovation and Growth Term Trust Stock Performance

NYSE BIGZ opened at $7.51 on Monday. BlackRock Innovation and Growth Term Trust has a fifty-two week low of $6.47 and a fifty-two week high of $8.25. The stock’s 50-day moving average is $7.50 and its two-hundred day moving average is $7.37.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were paid a $0.0864 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 13.81%. The ex-dividend date was Tuesday, October 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.