Virtu Financial LLC Acquires 2,981 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Virtu Financial LLC boosted its stake in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 11.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,246 shares of the company’s stock after purchasing an additional 2,981 shares during the quarter. Virtu Financial LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BIGZ. Captrust Financial Advisors grew its position in shares of BlackRock Innovation and Growth Term Trust by 4.8% in the third quarter. Captrust Financial Advisors now owns 32,800 shares of the company’s stock valued at $248,000 after purchasing an additional 1,500 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new position in BlackRock Innovation and Growth Term Trust in the 3rd quarter valued at $245,000. Rivernorth Capital Management LLC grew its holdings in BlackRock Innovation and Growth Term Trust by 101.6% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,104,819 shares of the company’s stock valued at $8,341,000 after buying an additional 556,835 shares in the last quarter. Jane Street Group LLC increased its position in BlackRock Innovation and Growth Term Trust by 421.8% during the 3rd quarter. Jane Street Group LLC now owns 61,072 shares of the company’s stock worth $461,000 after buying an additional 49,367 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of BlackRock Innovation and Growth Term Trust during the fourth quarter worth $110,000.

BlackRock Innovation and Growth Term Trust Stock Performance

BIGZ stock opened at $6.33 on Friday. BlackRock Innovation and Growth Term Trust has a 52 week low of $6.66 and a 52 week high of $8.31. The company’s 50-day simple moving average is $7.47 and its 200 day simple moving average is $7.59.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.0862 per share. The ex-dividend date is Friday, March 14th. This represents a dividend yield of 16.15%.

Insider Transactions at BlackRock Innovation and Growth Term Trust

In related news, major shareholder Saba Capital Management, L.P. purchased 279,479 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average price of $7.45 per share, for a total transaction of $2,082,118.55. Following the completion of the transaction, the insider now owns 60,047,827 shares of the company’s stock, valued at approximately $447,356,311.15. This trade represents a 0.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Over the last ninety days, insiders have acquired 668,219 shares of company stock valued at $5,055,471.

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.