International Assets Investment Management LLC Invests $3.47 Million in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

International Assets Investment Management LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 47,322 shares of the company’s stock, valued at approximately $3,470,000.

Several other hedge funds also recently made changes to their positions in BIGZ. Wolverine Asset Management LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust during the 3rd quarter worth approximately $27,000. CWM LLC grew its stake in shares of BlackRock Innovation and Growth Term Trust by 5,155.0% during the 3rd quarter. CWM LLC now owns 6,306 shares of the company’s stock worth $44,000 after acquiring an additional 6,186 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of BlackRock Innovation and Growth Term Trust by 272.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,696 shares of the company’s stock worth $46,000 after acquiring an additional 4,896 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of BlackRock Innovation and Growth Term Trust during the 2nd quarter worth approximately $71,000. Finally, OmniStar Financial Group Inc. acquired a new stake in shares of BlackRock Innovation and Growth Term Trust in the 3rd quarter valued at approximately $80,000.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. acquired 492,596 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was bought at an average price of $7.57 per share, with a total value of $3,728,951.72. Following the acquisition, the insider now owns 45,871,993 shares in the company, valued at approximately $347,250,987.01. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders purchased 4,605,860 shares of company stock valued at $36,262,906.

BlackRock Innovation and Growth Term Trust Price Performance

NYSE BIGZ opened at $7.18 on Thursday. BlackRock Innovation and Growth Term Trust has a 12 month low of $6.21 and a 12 month high of $8.35. The stock has a 50 day moving average of $7.92 and a 200-day moving average of $7.42.

BlackRock Innovation and Growth Term Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a $0.0445 dividend. This represents a $0.53 annualized dividend and a dividend yield of 7.43%. The ex-dividend date of this dividend is Friday, April 12th. This is an increase from BlackRock Innovation and Growth Term Trust’s previous monthly dividend of $0.04.

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.