Almitas Capital LLC Makes New Investment in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Almitas Capital LLC acquired a new position in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) in the 2nd quarter, HoldingsChannel reports. The firm acquired 543,246 shares of the company’s stock, valued at approximately $3,928,000. BlackRock Innovation and Growth Term Trust makes up 1.6% of Almitas Capital LLC’s portfolio, making the stock its 17th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Sessa Capital IM L.P. lifted its stake in shares of BlackRock Innovation and Growth Term Trust by 15.0% in the 2nd quarter. Sessa Capital IM L.P. now owns 2,739,993 shares of the company’s stock valued at $19,810,000 after purchasing an additional 356,372 shares during the period. Karpus Management Inc. lifted its stake 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 valued at $12,173,000 after purchasing an additional 291,622 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at approximately $4,192,000. Blue Bell Private Wealth Management LLC lifted its stake in shares of BlackRock Innovation and Growth Term Trust by 56.9% in the 2nd 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. Finally, Prevail Innovative Wealth Advisors LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at approximately $1,931,000.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. acquired 31,988 shares of BlackRock Innovation and Growth Term Trust stock in a transaction that occurred on Wednesday, September 25th. The stock was bought at an average price of $7.52 per share, with a total value of $240,549.76. Following the transaction, the insider now directly owns 55,727,774 shares in the company, valued at $419,072,860.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought a total of 2,024,294 shares of company stock worth $14,926,231 in the last quarter.

BlackRock Innovation and Growth Term Trust Stock Performance

BIGZ opened at $7.60 on Friday. The business has a 50 day moving average of $7.30 and a 200-day moving average of $7.41. BlackRock Innovation and Growth Term Trust has a 52 week low of $6.21 and a 52 week high of $8.25.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders 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 dividend yield of 13.65%. The ex-dividend date is Tuesday, October 15th.

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.