Winebrenner Capital Management LLC Acquires Shares of 20,000 BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Winebrenner Capital Management LLC acquired a new stake in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 20,000 shares of the company’s stock, valued at approximately $149,000.

Other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors increased its holdings in BlackRock Innovation and Growth Term Trust by 4.8% in the 3rd quarter. Captrust Financial Advisors now owns 32,800 shares of the company’s stock worth $248,000 after acquiring an additional 1,500 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in BlackRock Innovation and Growth Term Trust in the 4th quarter worth about $110,000. International Assets Investment Management LLC purchased a new stake in BlackRock Innovation and Growth Term Trust in the 3rd quarter worth about $1,690,000. Virtu Financial LLC purchased a new stake in BlackRock Innovation and Growth Term Trust in the 3rd quarter worth about $191,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in BlackRock Innovation and Growth Term Trust in the 4th quarter worth about $197,000.

BlackRock Innovation and Growth Term Trust Price Performance

Shares of BIGZ opened at $7.66 on Friday. The business has a 50-day moving average of $7.88 and a 200 day moving average of $7.67. BlackRock Innovation and Growth Term Trust has a fifty-two week low of $6.66 and a fifty-two week high of $8.31.

BlackRock Innovation and Growth Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.0866 dividend. This represents a $1.04 annualized dividend and a yield of 13.56%. The ex-dividend date of this dividend is Friday, February 14th.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. bought 69,719 shares of BlackRock Innovation and Growth Term Trust stock in a transaction on Thursday, December 26th. The stock was acquired at an average price of $7.65 per share, with a total value of $533,350.35. Following the acquisition, the insider now directly owns 59,615,955 shares of the company’s stock, valued at $456,062,055.75. This represents a 0.12 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders bought 1,990,483 shares of company stock valued at $15,531,941.

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.