BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Shares Sold by Cornerstone Advisors LLC

Cornerstone Advisors LLC trimmed its position in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 90.9% in the third quarter, HoldingsChannel.com reports. The firm owned 138,165 shares of the company’s stock after selling 1,373,740 shares during the quarter. Cornerstone Advisors LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $1,043,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of BlackRock Innovation and Growth Term Trust in the 3rd quarter worth $1,690,000. Sanctuary Advisors LLC acquired a new position in BlackRock Innovation and Growth Term Trust during the second quarter worth about $1,401,000. Quarry LP raised its position in BlackRock Innovation and Growth Term Trust by 251.2% in 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 in the last quarter. Almitas Capital LLC acquired a new stake in BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at about $3,928,000. Finally, Sessa Capital IM L.P. boosted 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 purchasing an additional 356,372 shares in the last quarter.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. purchased 5,581 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were purchased at an average price of $7.53 per share, with a total value of $42,024.93. Following the purchase, the insider now owns 55,825,413 shares of the company’s stock, valued at $420,365,359.89. This trade represents a 0.01 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders purchased 1,527,980 shares of company stock worth $11,578,363.

BlackRock Innovation and Growth Term Trust Stock Up 1.2 %

Shares of BIGZ opened at $7.77 on Friday. The firm’s 50 day moving average is $7.59 and its 200-day moving average is $7.41. BlackRock Innovation and Growth Term Trust has a 12-month low of $6.66 and a 12-month high of $8.25.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.0863 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.04 annualized dividend and a dividend yield of 13.33%.

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.