Prudent Investors Network Inc. Buys New Stake in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Prudent Investors Network Inc. purchased a new stake in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 21,317 shares of the company’s stock, valued at approximately $174,000.

Several other institutional investors have also bought and sold shares of the business. Raymond James Financial Services Advisors Inc. lifted its stake in shares of BlackRock Innovation and Growth Term Trust by 2.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,323,570 shares of the company’s stock valued at $9,702,000 after purchasing an additional 36,177 shares during the last quarter. International Assets Investment Management LLC bought a new stake in BlackRock Innovation and Growth Term Trust in the fourth quarter worth $3,470,000. Blue Bell Private Wealth Management LLC boosted its stake in BlackRock Innovation and Growth Term Trust by 220.2% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 90,586 shares of the company’s stock worth $664,000 after buying an additional 62,292 shares during the period. Wolverine Asset Management LLC boosted its stake in BlackRock Innovation and Growth Term Trust by 8,592.9% during the fourth quarter. Wolverine Asset Management LLC now owns 337,545 shares of the company’s stock worth $2,474,000 after buying an additional 333,662 shares during the period. Finally, Fountainhead AM LLC increased its position in BlackRock Innovation and Growth Term Trust by 62.9% during the fourth quarter. Fountainhead AM LLC now owns 129,062 shares of the company’s stock valued at $946,000 after acquiring an additional 49,831 shares during the last quarter.

Insiders Place Their Bets

In other BlackRock Innovation and Growth Term Trust news, major shareholder Saba Capital Management, L.P. acquired 4,902 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average price of $7.24 per share, for a total transaction of $35,490.48. Following the acquisition, the insider now directly owns 54,214,208 shares in the company, valued at $392,510,865.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought a total of 1,278,551 shares of company stock valued at $9,436,209 over the last 90 days.

BlackRock Innovation and Growth Term Trust Price Performance

Shares of BlackRock Innovation and Growth Term Trust stock traded down $0.02 during trading on Tuesday, hitting $7.24. The stock had a trading volume of 710,011 shares, compared to its average volume of 734,740. BlackRock Innovation and Growth Term Trust has a 12 month low of $6.21 and a 12 month high of $8.35. The firm’s fifty day simple moving average is $7.34 and its 200-day simple moving average is $7.56.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be paid a $0.0885 dividend. This represents a $1.06 annualized dividend and a yield of 14.67%. The ex-dividend date is Monday, July 15th.

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.