BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Shares Sold by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC cut its stake in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 70.4% in the 2nd quarter, Holdings Channel reports. The firm owned 13,006 shares of the company’s stock after selling 30,968 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $94,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in BIGZ. International Assets Investment Management LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust during the fourth quarter valued at $3,470,000. Wolverine Asset Management LLC raised its position in shares of BlackRock Innovation and Growth Term Trust by 8,592.9% during the 4th quarter. Wolverine Asset Management LLC now owns 337,545 shares of the company’s stock worth $2,474,000 after buying an additional 333,662 shares in the last quarter. Fountainhead AM LLC lifted its stake in shares of BlackRock Innovation and Growth Term Trust by 62.9% in the 4th quarter. Fountainhead AM LLC now owns 129,062 shares of the company’s stock worth $946,000 after acquiring an additional 49,831 shares during the period. Stonebrook Private Inc. bought a new position in shares of BlackRock Innovation and Growth Term Trust in the fourth quarter valued at approximately $334,000. Finally, Shaker Financial Services LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust during the fourth quarter valued at approximately $1,087,000.

BlackRock Innovation and Growth Term Trust Stock Performance

BIGZ traded down $0.10 during trading on Friday, reaching $7.20. The stock had a trading volume of 460,784 shares, compared to its average volume of 740,509. BlackRock Innovation and Growth Term Trust has a 1-year low of $6.21 and a 1-year high of $8.25. The stock has a 50 day moving average of $7.26 and a two-hundred day moving average of $7.54.

BlackRock Innovation and Growth Term Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a $0.088 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.06 annualized dividend and a yield of 14.67%.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. acquired 252,855 shares of the business’s stock in a transaction on Monday, July 1st. The shares were purchased at an average price of $7.25 per share, for a total transaction of $1,833,198.75. Following the acquisition, the insider now owns 52,356,149 shares in the company, valued at $379,582,080.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders purchased a total of 1,376,137 shares of company stock valued at $10,112,978 over the last three months.

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.