PFG Investments LLC Decreases Position in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

PFG Investments LLC trimmed its holdings in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 12.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,317 shares of the company’s stock after selling 2,433 shares during the period. PFG Investments LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $129,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new position in BlackRock Innovation and Growth Term Trust in the second quarter worth about $1,401,000. International Assets Investment Management LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust during the 3rd quarter worth approximately $1,690,000. Penserra Capital Management LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust in the 3rd quarter worth approximately $15,076,000. Capstone Investment Advisors LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the 3rd quarter valued at approximately $1,818,000. Finally, Captrust Financial Advisors boosted its position in shares of BlackRock Innovation and Growth Term Trust by 4.8% during the third quarter. Captrust Financial Advisors now owns 32,800 shares of the company’s stock valued at $248,000 after purchasing an additional 1,500 shares in the last quarter.

Insider Transactions at BlackRock Innovation and Growth Term Trust

In other news, major shareholder Saba Capital Management, L.P. bought 40,719 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were acquired at an average cost of $7.71 per share, with a total value of $313,943.49. Following the completion of the transaction, the insider now owns 57,316,027 shares of the company’s stock, valued at approximately $441,906,568.17. This trade represents a 0.07 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders purchased 2,325,961 shares of company stock worth $18,127,612 over the last three months.

BlackRock Innovation and Growth Term Trust Stock Down 0.9 %

Shares of NYSE BIGZ opened at $8.15 on Friday. The company has a 50 day simple moving average of $7.82 and a two-hundred day simple moving average of $7.58. BlackRock Innovation and Growth Term Trust has a fifty-two week low of $6.66 and a fifty-two week high of $8.31.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.0868 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 12.78%. The ex-dividend date of this dividend was Wednesday, January 15th.

BlackRock Innovation and Growth Term Trust Company 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.