26,467 Shares in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC bought a new stake in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 26,467 shares of the company’s stock, valued at approximately $197,000.

Other large investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its stake in shares of BlackRock Innovation and Growth Term Trust by 4.8% during 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 in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in BlackRock Innovation and Growth Term Trust in the 4th quarter worth approximately $110,000. International Assets Investment Management LLC bought a new stake in BlackRock Innovation and Growth Term Trust during the third quarter worth approximately $1,690,000. Virtu Financial LLC acquired a new position in BlackRock Innovation and Growth Term Trust during the third quarter valued at approximately $191,000. Finally, Garden State Investment Advisory Services LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust in the third quarter valued at approximately $245,000.

Insider Buying and Selling at BlackRock Innovation and Growth Term Trust

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

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of BlackRock Innovation and Growth Term Trust stock opened at $7.56 on Thursday. The firm has a fifty day simple moving average of $7.87 and a 200-day simple moving average of $7.69. BlackRock Innovation and Growth Term Trust has a 1-year low of $6.66 and a 1-year high of $8.31.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The company also recently announced 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.