BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stake Reduced by Tidal Investments LLC

Tidal Investments LLC decreased its holdings in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 50.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,213 shares of the company’s stock after selling 13,213 shares during the period. Tidal Investments LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $100,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BIGZ. Captrust Financial Advisors boosted its holdings in BlackRock Innovation and Growth Term Trust by 4.8% during the third quarter. Captrust Financial Advisors now owns 32,800 shares of the company’s stock worth $248,000 after buying an additional 1,500 shares in the last quarter. PFG Investments LLC raised its holdings in BlackRock Innovation and Growth Term Trust by 75.1% during the 2nd quarter. PFG Investments LLC now owns 23,538 shares of the company’s stock worth $170,000 after buying an additional 10,099 shares during the period. J.W. Cole Advisors Inc. purchased a new stake in BlackRock Innovation and Growth Term Trust during the second quarter valued at about $75,000. International Assets Investment Management LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the third quarter worth about $1,690,000. Finally, Virtu Financial LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the third quarter worth approximately $191,000.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. purchased 23,267 shares of BlackRock Innovation and Growth Term Trust stock in a transaction dated Friday, September 27th. The stock was acquired at an average cost of $7.61 per share, with a total value of $177,061.87. Following the completion of the transaction, the insider now directly owns 55,775,218 shares of the company’s stock, valued at $424,449,408.98. This trade represents a 0.04 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have acquired 2,351,375 shares of company stock worth $18,340,491.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of NYSE:BIGZ opened at $7.64 on Thursday. The firm has a 50 day simple moving average of $7.73 and a 200 day simple moving average of $7.49. BlackRock Innovation and Growth Term Trust has a 52 week low of $6.66 and a 52 week high of $8.25.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 16th were given a $0.0868 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.04 annualized dividend and a dividend yield of 13.63%.

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.