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

Absolute Investment Advisers LLC acquired a new stake in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,268,166 shares of the company’s stock, valued at approximately $9,435,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SeaCrest Wealth Management LLC bought a new stake in shares of BlackRock Innovation and Growth Term Trust in the 4th quarter worth about $110,000. Garden State Investment Advisory Services LLC bought a new stake in shares of BlackRock Innovation and Growth Term Trust during the 3rd quarter valued at $245,000. Rivernorth Capital Management LLC increased its holdings in BlackRock Innovation and Growth Term Trust by 108.5% in the third quarter. Rivernorth Capital Management LLC now owns 1,142,760 shares of the company’s stock valued at $8,628,000 after purchasing an additional 594,776 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of BlackRock Innovation and Growth Term Trust in the 3rd quarter valued at approximately $191,000. Finally, Jane Street Group LLC raised its holdings in BlackRock Innovation and Growth Term Trust by 421.8% in the third quarter. Jane Street Group LLC now owns 61,072 shares of the company’s stock worth $461,000 after purchasing an additional 49,367 shares during the period.

BlackRock Innovation and Growth Term Trust Trading Down 0.9 %

BIGZ stock opened at $8.15 on Monday. BlackRock Innovation and Growth Term Trust has a 1-year low of $6.66 and a 1-year high of $8.31. The business’s 50-day moving average price is $7.82 and its two-hundred day moving average price is $7.58.

BlackRock Innovation and Growth Term Trust Dividend Announcement

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

Insider Transactions at BlackRock Innovation and Growth Term Trust

In other news, major shareholder Saba Capital Management, L.P. bought 16,939 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were bought at an average cost of $7.47 per share, with a total value of $126,534.33. Following the acquisition, the insider now owns 57,170,615 shares in the company, valued at $427,064,494.05. This trade represents a 0.03 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 2,325,961 shares of company stock valued at $18,127,612 in the last ninety days.

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.