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

Corrado Advisors LLC reduced its position in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 13.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 177,777 shares of the company’s stock after selling 28,772 shares during the quarter. Corrado Advisors LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $1,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the 4th quarter valued at $110,000. Winebrenner Capital Management LLC acquired a new position in BlackRock Innovation and Growth Term Trust during the fourth quarter worth $149,000. International Assets Investment Management LLC acquired a new position in BlackRock Innovation and Growth Term Trust during the third quarter worth $1,690,000. Virtu Financial LLC acquired a new position in BlackRock Innovation and Growth Term Trust during the third quarter worth $191,000. Finally, Concurrent Investment Advisors LLC acquired a new position in BlackRock Innovation and Growth Term Trust during the fourth quarter worth $197,000.

Insiders Place Their Bets

In other BlackRock Innovation and Growth Term Trust news, major shareholder Saba Capital Management, L.P. bought 185,716 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was acquired at an average price of $8.07 per share, with a total value of $1,498,728.12. Following the completion of the acquisition, the insider now directly owns 58,448,770 shares of the company’s stock, valued at $471,681,573.90. This represents a 0.32 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders purchased 1,723,751 shares of company stock worth $13,408,754.

BlackRock Innovation and Growth Term Trust Stock Performance

NYSE:BIGZ opened at $7.56 on Thursday. The company has a fifty day moving average of $7.87 and a two-hundred day moving average of $7.69. 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 Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.0866 per share. This represents a $1.04 dividend on an annualized basis and a yield of 13.74%. The ex-dividend date is Friday, February 14th.

About BlackRock Innovation and Growth Term Trust

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.