BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Shares Sold by PFG Investments LLC

PFG Investments LLC lessened its holdings in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 16.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,750 shares of the company’s stock after selling 3,788 shares during the period. PFG Investments LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $149,000 at the end of the most recent reporting period.

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

BlackRock Innovation and Growth Term Trust Stock Performance

NYSE:BIGZ opened at $7.54 on Friday. BlackRock Innovation and Growth Term Trust has a 12-month low of $6.24 and a 12-month high of $8.25. The company’s 50-day moving average is $7.50 and its two-hundred day moving average is $7.36.

BlackRock Innovation and Growth Term Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a dividend of $0.0864 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.04 dividend on an annualized basis and a yield of 13.77%.

Insiders Place Their Bets

In other BlackRock Innovation and Growth Term Trust news, major shareholder Saba Capital Management, L.P. purchased 61,003 shares of BlackRock Innovation and Growth Term Trust stock in a transaction on Wednesday, October 30th. The shares were bought at an average price of $7.66 per share, with a total value of $467,282.98. Following the purchase, the insider now directly owns 57,142,055 shares in the company, valued at $437,708,141.30. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders bought 1,508,695 shares of company stock valued at $11,288,802.

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.