Matisse Capital Sells 25,127 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Matisse Capital lessened its holdings in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 15.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,734 shares of the company’s stock after selling 25,127 shares during the period. Matisse Capital’s holdings in BlackRock Innovation and Growth Term Trust were worth $1,040,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new position in BlackRock Innovation and Growth Term Trust in the 2nd quarter worth approximately $1,401,000. International Assets Investment Management LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the third quarter worth $1,690,000. Penserra Capital Management LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the third quarter worth $15,076,000. Capstone Investment Advisors LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust during the third quarter valued at $1,818,000. Finally, Captrust Financial Advisors boosted its position in shares of BlackRock Innovation and Growth Term Trust by 4.8% during the third quarter. Captrust Financial Advisors now owns 32,800 shares of the company’s stock valued at $248,000 after buying an additional 1,500 shares during the last quarter.

Insider Buying and Selling at BlackRock Innovation and Growth Term Trust

In other news, major shareholder Saba Capital Management, L.P. bought 282,123 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was acquired at an average cost of $7.72 per share, with a total value of $2,177,989.56. Following the transaction, the insider now directly owns 60,615,765 shares in the company, valued at approximately $467,953,705.80. This trade represents a 0.47 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders bought 2,309,022 shares of company stock worth $18,001,077 in the last quarter.

BlackRock Innovation and Growth Term Trust Stock Down 0.8 %

Shares of BlackRock Innovation and Growth Term Trust stock opened at $8.14 on Tuesday. The stock’s fifty day moving average is $7.83 and its 200 day moving average is $7.58. BlackRock Innovation and Growth Term Trust has a one year low of $6.66 and a one year high of $8.31.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.0868 per share. This represents a $1.04 annualized dividend and a yield of 12.81%. The ex-dividend date was Wednesday, January 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.