48,677 Shares in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Acquired by Logan Stone Capital LLC

Logan Stone Capital LLC acquired a new position in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 48,677 shares of the company’s stock, valued at approximately $352,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BIGZ. 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 purchasing an additional 291,622 shares during the period. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock Innovation and Growth Term Trust during the second quarter valued at approximately $4,192,000. Blue Bell Private Wealth Management LLC boosted its stake in shares of BlackRock Innovation and Growth Term Trust by 56.9% during the second quarter. Blue Bell Private Wealth Management LLC now owns 368,889 shares of the company’s stock valued at $2,667,000 after purchasing an additional 133,761 shares during the period. Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of BlackRock Innovation and Growth Term Trust during the second quarter valued at approximately $1,931,000. Finally, LM Advisors LLC purchased a new stake in shares of BlackRock Innovation and Growth Term Trust during the fourth quarter valued at approximately $1,133,000.

BlackRock Innovation and Growth Term Trust Price Performance

NYSE:BIGZ opened at $7.60 on Friday. BlackRock Innovation and Growth Term Trust has a fifty-two week low of $6.21 and a fifty-two week high of $8.25. The business has a 50 day moving average price of $7.30 and a 200-day moving average price of $7.41.

BlackRock Innovation and Growth Term Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a $0.0864 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 13.65%. The ex-dividend date of this dividend is Tuesday, October 15th.

Insider Buying and Selling

In other BlackRock Innovation and Growth Term Trust news, major shareholder Saba Capital Management, L.P. purchased 42,236 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The stock was bought at an average price of $7.38 per share, with a total value of $311,701.68. Following the completion of the purchase, the insider now directly owns 52,553,522 shares of the company’s stock, valued at approximately $387,844,992.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired 2,024,294 shares of company stock valued at $14,926,231 over the last quarter.

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.