Sanctuary Advisors LLC Invests $1.40 Million in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Sanctuary Advisors LLC acquired a new stake in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 193,723 shares of the company’s stock, valued at approximately $1,401,000.

Other institutional investors also recently modified their holdings of the company. Quarry LP raised its stake in BlackRock Innovation and Growth Term Trust by 251.2% during the 2nd quarter. Quarry LP now owns 397,934 shares of the company’s stock worth $2,877,000 after buying an additional 284,634 shares during the period. Almitas Capital LLC bought a new stake in shares of BlackRock Innovation and Growth Term Trust during the second quarter valued at approximately $3,928,000. Sessa Capital IM L.P. raised its position in shares of BlackRock Innovation and Growth Term Trust by 15.0% during the second quarter. Sessa Capital IM L.P. now owns 2,739,993 shares of the company’s stock worth $19,810,000 after purchasing an additional 356,372 shares during the period. Logan Stone Capital LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter worth $352,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at $75,000.

Insider Activity at BlackRock Innovation and Growth Term Trust

In related news, major shareholder Saba Capital Management, L.P. acquired 113,116 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was purchased at an average cost of $7.45 per share, with a total value of $842,714.20. Following the acquisition, the insider now owns 53,266,720 shares of the company’s stock, valued at approximately $396,837,064. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have acquired 1,550,804 shares of company stock valued at $11,476,598.

BlackRock Innovation and Growth Term Trust Stock Performance

BIGZ opened at $7.63 on Thursday. BlackRock Innovation and Growth Term Trust has a 1-year low of $6.21 and a 1-year high of $8.25. The company’s fifty day moving average price is $7.35 and its two-hundred day moving average price is $7.39.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a $0.0864 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 13.59%.

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.