Capstone Investment Advisors LLC Purchases New Holdings in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Capstone Investment Advisors LLC purchased a new position in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 240,859 shares of the company’s stock, valued at approximately $1,818,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in shares of BlackRock Innovation and Growth Term Trust in the 3rd quarter valued at approximately $15,076,000. Wolverine Asset Management LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter worth about $4,192,000. Almitas Capital LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at about $3,928,000. Sessa Capital IM L.P. grew its position in shares of BlackRock Innovation and Growth Term Trust by 15.0% during 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 buying an additional 356,372 shares during the last quarter. Finally, Quarry LP raised its stake in BlackRock Innovation and Growth Term Trust by 251.2% during the second quarter. Quarry LP now owns 397,934 shares of the company’s stock worth $2,877,000 after acquiring an additional 284,634 shares during the period.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of BIGZ stock opened at $7.92 on Friday. The business has a 50 day moving average of $7.64 and a two-hundred day moving average of $7.43. BlackRock Innovation and Growth Term Trust has a 52 week low of $6.66 and a 52 week high of $8.25.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.0863 per share. The ex-dividend date is Friday, November 15th. This represents a $1.04 dividend on an annualized basis and a yield of 13.08%.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. bought 315,074 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was purchased at an average price of $7.47 per share, for a total transaction of $2,353,602.78. Following the transaction, the insider now owns 55,339,170 shares in the company, valued at approximately $413,383,599.90. This trade represents a 0.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders purchased a total of 1,863,134 shares of company stock worth $14,239,347 in the last three months.

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.