Cornerstone Advisors LLC Sells 23,800 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Cornerstone Advisors LLC lowered its stake in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZFree Report) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,966,534 shares of the company’s stock after selling 23,800 shares during the quarter. BlackRock Innovation and Growth Term Trust makes up approximately 1.0% of Cornerstone Advisors LLC’s holdings, making the stock its 20th biggest holding. Cornerstone Advisors LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $20,647,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in BlackRock Innovation and Growth Term Trust by 5,155.0% during the 3rd quarter. CWM LLC now owns 6,306 shares of the company’s stock worth $44,000 after buying an additional 6,186 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of BlackRock Innovation and Growth Term Trust by 272.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,696 shares of the company’s stock worth $46,000 after buying an additional 4,896 shares in the last quarter. Captrust Financial Advisors acquired a new position in BlackRock Innovation and Growth Term Trust in the second quarter valued at about $71,000. PFG Investments LLC acquired a new position in BlackRock Innovation and Growth Term Trust in the second quarter valued at about $79,000. Finally, OmniStar Financial Group Inc. bought a new position in BlackRock Innovation and Growth Term Trust in the third quarter valued at about $80,000.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of NYSE:BIGZ traded up $0.07 during midday trading on Monday, hitting $8.23. 486,916 shares of the stock were exchanged, compared to its average volume of 846,751. The business’s 50-day moving average price is $7.45 and its 200 day moving average price is $7.29. BlackRock Innovation and Growth Term Trust has a 12 month low of $6.21 and a 12 month high of $8.35.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, February 29th. Investors of record on Thursday, February 15th will be issued a $0.0447 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date is Wednesday, February 14th.

Insider Buying and Selling

In other BlackRock Innovation and Growth Term Trust news, major shareholder Saba Capital Management, L.P. bought 295,811 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was purchased at an average cost of $7.12 per share, with a total value of $2,106,174.32. Following the transaction, the insider now directly owns 35,787,638 shares in the company, valued at approximately $254,807,982.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have bought a total of 7,458,770 shares of company stock worth $55,191,233 in the last ninety days.

BlackRock Innovation and Growth Term Trust Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

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