Ignite Planners LLC Sells 4,790 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Ignite Planners LLC cut its holdings in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 15.8% during the 2nd quarter, Holdings Channel reports. The fund owned 25,598 shares of the company’s stock after selling 4,790 shares during the period. Ignite Planners LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Register Financial Advisors LLC purchased a new stake in shares of BlackRock Innovation and Growth Term Trust in the first quarter worth $53,000. International Assets Investment Management LLC purchased a new stake in BlackRock Innovation and Growth Term Trust in the 4th quarter worth $3,470,000. Stonebrook Private Inc. bought a new stake in BlackRock Innovation and Growth Term Trust during the fourth quarter valued at about $334,000. Wolverine Asset Management LLC lifted its position in shares of BlackRock Innovation and Growth Term Trust by 8,592.9% in the fourth quarter. Wolverine Asset Management LLC now owns 337,545 shares of the company’s stock valued at $2,474,000 after acquiring an additional 333,662 shares in the last quarter. Finally, LM Advisors LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust in the fourth quarter worth about $1,133,000.

BlackRock Innovation and Growth Term Trust Stock Down 0.6 %

NYSE BIGZ traded down $0.04 during trading hours on Friday, reaching $7.09. The company’s stock had a trading volume of 450,466 shares, compared to its average volume of 745,770. BlackRock Innovation and Growth Term Trust has a 1 year low of $6.21 and a 1 year high of $8.25. The firm’s 50-day moving average price is $7.27 and its 200-day moving average price is $7.55.

BlackRock Innovation and Growth Term Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be issued a $0.088 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.06 annualized dividend and a dividend yield of 14.89%.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. bought 83,903 shares of the stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average cost of $6.95 per share, for a total transaction of $583,125.85. Following the transaction, the insider now owns 54,393,065 shares of the company’s stock, valued at $378,031,801.75. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders have bought 1,376,137 shares of company stock worth $10,112,978.

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.