Successful Portfolios LLC Buys Shares of 14,790 BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Successful Portfolios LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,790 shares of the company’s stock, valued at approximately $108,000.

A number of other large investors also recently added to or reduced their stakes in the business. Saba Capital Management L.P. boosted its position in shares of BlackRock Innovation and Growth Term Trust by 32.0% during the third quarter. Saba Capital Management L.P. now owns 23,233,954 shares of the company’s stock worth $161,708,000 after acquiring an additional 5,626,581 shares during the last quarter. UBS Group AG increased its holdings in shares of BlackRock Innovation and Growth Term Trust by 75.6% during the 1st quarter. UBS Group AG now owns 3,898,263 shares of the company’s stock valued at $44,401,000 after purchasing an additional 1,677,919 shares in the last quarter. Logan Stone Capital LLC grew its holdings in shares of BlackRock Innovation and Growth Term Trust by 605.0% during the fourth quarter. Logan Stone Capital LLC now owns 1,464,392 shares of the company’s stock worth $9,973,000 after buying an additional 1,256,691 shares in the last quarter. Woodline Partners LP grew its holdings in shares of BlackRock Innovation and Growth Term Trust by 118.4% during the 2nd quarter. Woodline Partners LP now owns 1,336,414 shares of the company’s stock worth $10,491,000 after purchasing an additional 724,413 shares during the period. Finally, Lazard Asset Management LLC increased its stake in BlackRock Innovation and Growth Term Trust by 21.8% during the 3rd quarter. Lazard Asset Management LLC now owns 2,581,925 shares of the company’s stock worth $17,970,000 after buying an additional 462,842 shares during the period.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. acquired 16,530 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were purchased at an average price of $7.25 per share, for a total transaction of $119,842.50. Following the acquisition, the insider now owns 43,918,214 shares in the company, valued at $318,407,051.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders bought 4,401,388 shares of company stock worth $34,508,927.

BlackRock Innovation and Growth Term Trust Trading Up 0.9 %

NYSE BIGZ traded up $0.07 during trading on Thursday, reaching $8.14. The company’s stock had a trading volume of 1,217,320 shares, compared to its average volume of 768,322. The business’s fifty day moving average price is $7.88 and its 200-day moving average price is $7.34. BlackRock Innovation and Growth Term Trust has a twelve month low of $6.21 and a twelve month high of $8.35.

BlackRock Innovation and Growth Term Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be paid a dividend of $0.0445 per share. This represents a $0.53 annualized dividend and a yield of 6.55%. The ex-dividend date is Thursday, March 14th.

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.