BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Shares Bought by Quarry LP

Quarry LP grew its holdings in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 251.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 397,934 shares of the company’s stock after purchasing an additional 284,634 shares during the period. BlackRock Innovation and Growth Term Trust makes up 0.7% of Quarry LP’s investment portfolio, making the stock its 23rd largest position. Quarry LP’s holdings in BlackRock Innovation and Growth Term Trust were worth $2,877,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Thompson Investment Management Inc. purchased a new stake in shares of BlackRock Innovation and Growth Term Trust in the 1st quarter valued at approximately $33,000. Register Financial Advisors LLC acquired a new position in BlackRock Innovation and Growth Term Trust during the first quarter worth $53,000. J.W. Cole Advisors Inc. purchased a new position in shares of BlackRock Innovation and Growth Term Trust during the second quarter worth $75,000. Tempus Wealth Planning LLC acquired a new stake in shares of BlackRock Innovation and Growth Term Trust in the second quarter valued at $76,000. Finally, Skyline Advisors Inc. acquired a new stake in shares of BlackRock Innovation and Growth Term Trust in the fourth quarter valued at $98,000.

BlackRock Innovation and Growth Term Trust Price Performance

BIGZ opened at $7.60 on Monday. 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 12-month low of $6.21 and a 12-month high of $8.25.

BlackRock Innovation and Growth Term Trust Dividend Announcement

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 given a dividend of $0.0864 per share. The ex-dividend date is Tuesday, October 15th. This represents a $1.04 annualized dividend and a dividend yield of 13.65%.

Insider Activity

In other BlackRock Innovation and Growth Term Trust news, major shareholder Saba Capital Management, L.P. bought 200,706 shares of BlackRock Innovation and Growth Term Trust stock in a transaction on Monday, July 8th. The shares were bought at an average cost of $7.40 per share, for a total transaction of $1,485,224.40. Following the acquisition, the insider now directly owns 52,754,228 shares in the company, valued at $390,381,287.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders acquired 1,771,439 shares of company stock valued at $13,093,032.

BlackRock Innovation and Growth Term Trust Company 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.