Oppenheimer & Co. Inc. Cuts Holdings in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Oppenheimer & Co. Inc. lowered its stake in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 209,316 shares of the company’s stock after selling 1,791 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in BlackRock Innovation and Growth Term Trust were worth $1,580,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in BIGZ. Janney Montgomery Scott LLC increased its stake in BlackRock Innovation and Growth Term Trust by 9.8% in the first quarter. Janney Montgomery Scott LLC now owns 69,186 shares of the company’s stock valued at $563,000 after acquiring an additional 6,202 shares during the last quarter. Karpus Management Inc. boosted its holdings in shares of BlackRock Innovation and Growth Term Trust by 24.2% in the 1st quarter. Karpus Management Inc. now owns 1,495,480 shares of the company’s stock worth $12,173,000 after purchasing an additional 291,622 shares in the last quarter. Prudent Investors Network Inc. purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the 1st quarter worth about $174,000. B. Riley Wealth Advisors Inc. increased its position in shares of BlackRock Innovation and Growth Term Trust by 14.3% during 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. Finally, Dakota Wealth Management raised its holdings in shares of BlackRock Innovation and Growth Term Trust by 9.4% during the 2nd quarter. Dakota Wealth Management now owns 21,217 shares of the company’s stock valued at $153,000 after buying an additional 1,824 shares in the last quarter.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. purchased 94,406 shares of BlackRock Innovation and Growth Term Trust stock in a transaction that occurred on Wednesday, November 13th. The shares were bought at an average price of $7.82 per share, for a total transaction of $738,254.92. Following the completion of the transaction, the insider now directly owns 57,617,107 shares of the company’s stock, valued at $450,565,776.74. This represents a 0.16 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have acquired 1,549,771 shares of company stock valued at $11,707,832 over the last ninety days.

BlackRock Innovation and Growth Term Trust Trading Down 3.7 %

Shares of NYSE BIGZ opened at $7.54 on Monday. BlackRock Innovation and Growth Term Trust has a one year low of $6.66 and a one year high of $8.25. The firm’s 50 day simple moving average is $7.57 and its two-hundred day simple moving average is $7.40.

BlackRock Innovation and Growth Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.0863 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 13.74%.

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.