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

Capstone Investment Advisors LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 240,859 shares of the company’s stock, valued at approximately $1,818,000.

Other hedge funds have also made changes to their positions in the company. Dakota Wealth Management increased its stake in shares of BlackRock Innovation and Growth Term Trust by 9.4% during the 2nd quarter. Dakota Wealth Management now owns 21,217 shares of the company’s stock valued at $153,000 after acquiring an additional 1,824 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in BlackRock Innovation and Growth Term Trust by 14.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 38,560 shares of the company’s stock valued at $314,000 after acquiring an additional 4,810 shares during the last quarter. PFG Investments LLC increased its stake in BlackRock Innovation and Growth Term Trust by 75.1% during the second quarter. PFG Investments LLC now owns 23,538 shares of the company’s stock worth $170,000 after acquiring an additional 10,099 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter worth about $75,000. Finally, Tempus Wealth Planning LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter worth about $76,000.

Insider Transactions at BlackRock Innovation and Growth Term Trust

In other news, major shareholder Saba Capital Management, L.P. acquired 315,074 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were bought at an average price of $7.47 per share, for a total transaction of $2,353,602.78. Following the completion of the purchase, the insider now directly owns 55,339,170 shares of the company’s stock, valued at approximately $413,383,599.90. This trade represents a 0.57 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders acquired 1,863,134 shares of company stock valued at $14,239,347 over the last 90 days.

BlackRock Innovation and Growth Term Trust Trading Down 1.0 %

Shares of NYSE:BIGZ opened at $7.92 on Friday. BlackRock Innovation and Growth Term Trust has a 1 year low of $6.66 and a 1 year high of $8.25. The stock has a 50-day simple moving average of $7.64 and a 200-day simple moving average of $7.43.

BlackRock Innovation and Growth Term Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.0863 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.04 dividend on an annualized basis and a yield of 13.08%.

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.