Avantax Advisory Services Inc. Makes New Investment in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Avantax Advisory Services Inc. purchased a new stake in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 11,047 shares of the company’s stock, valued at approximately $82,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. SeaCrest Wealth Management LLC bought a new stake in BlackRock Innovation and Growth Term Trust during the fourth quarter valued at $110,000. Vista Investment Partners II LLC bought a new stake in shares of BlackRock Innovation and Growth Term Trust during the 4th quarter valued at about $121,000. Winebrenner Capital Management LLC bought a new stake in shares of BlackRock Innovation and Growth Term Trust during the 4th quarter valued at about $149,000. Virtu Financial LLC acquired a new stake in BlackRock Innovation and Growth Term Trust during the third quarter worth about $191,000. Finally, Concurrent Investment Advisors LLC bought a new position in BlackRock Innovation and Growth Term Trust in the fourth quarter worth about $197,000.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. acquired 106,617 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were purchased at an average cost of $7.46 per share, for a total transaction of $795,362.82. Following the transaction, the insider now directly owns 60,262,743 shares in the company, valued at $449,560,062.78. This trade represents a 0.18 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased a total of 668,219 shares of company stock worth $5,055,471 in the last three months.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of BIGZ stock opened at $6.55 on Friday. The business has a 50 day moving average of $7.50 and a two-hundred day moving average of $7.60. BlackRock Innovation and Growth Term Trust has a 52 week low of $6.66 and a 52 week high of $8.31.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors 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 yield of 16.15%.

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.