2,899,339 Shares in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) during the 4th quarter, HoldingsChannel reports. The firm bought 2,899,339 shares of the company’s stock, valued at approximately $21,571,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Captrust Financial Advisors grew its stake in 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 buying an additional 1,500 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in BlackRock Innovation and Growth Term Trust by 3.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 85,686 shares of the company’s stock worth $638,000 after acquiring an additional 3,245 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in BlackRock Innovation and Growth Term Trust during the 4th quarter worth about $110,000. Winebrenner Capital Management LLC acquired a new stake in BlackRock Innovation and Growth Term Trust during the 4th quarter worth about $149,000. Finally, Virtu Financial LLC acquired a new stake in BlackRock Innovation and Growth Term Trust during the 3rd quarter worth about $191,000.

BlackRock Innovation and Growth Term Trust Stock Up 2.9 %

Shares of BIGZ opened at $6.52 on Monday. The stock has a 50-day moving average of $7.69 and a two-hundred day moving average of $7.65. 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 Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.0862 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a yield of 16.15%.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. acquired 279,479 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was acquired at an average price of $7.45 per share, with a total value of $2,082,118.55. Following the acquisition, the insider now directly owns 60,047,827 shares in the company, valued at $447,356,311.15. This represents a 0.47 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders bought 737,938 shares of company stock valued at $5,588,821.

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.