1,268,166 Shares in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Bought by Absolute Investment Advisers LLC

Absolute Investment Advisers LLC bought a new stake in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) during the 4th quarter, HoldingsChannel reports. The firm bought 1,268,166 shares of the company’s stock, valued at approximately $9,435,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SeaCrest Wealth Management LLC acquired a new position in BlackRock Innovation and Growth Term Trust during the 4th quarter valued at about $110,000. Virtu Financial LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust during the third quarter valued at approximately $191,000. Garden State Investment Advisory Services LLC bought a new stake in BlackRock Innovation and Growth Term Trust during the third quarter worth $245,000. Captrust Financial Advisors raised its position in BlackRock Innovation and Growth Term Trust by 4.8% in the 3rd 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. Finally, Jane Street Group LLC raised its position in BlackRock Innovation and Growth Term Trust by 421.8% in the 3rd quarter. Jane Street Group LLC now owns 61,072 shares of the company’s stock valued at $461,000 after buying an additional 49,367 shares during the last quarter.

BlackRock Innovation and Growth Term Trust Stock Down 0.9 %

BIGZ opened at $8.15 on Monday. BlackRock Innovation and Growth Term Trust has a 1 year low of $6.66 and a 1 year high of $8.31. The firm’s fifty day moving average price is $7.82 and its two-hundred day moving average price is $7.58.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, January 31st. Investors 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 12.78%. The ex-dividend date of this dividend was Wednesday, January 15th.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. acquired 185,716 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was acquired at an average price of $8.07 per share, for a total transaction of $1,498,728.12. Following the completion of the acquisition, the insider now owns 58,448,770 shares of the company’s stock, valued at approximately $471,681,573.90. This represents a 0.32 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought a total of 2,325,961 shares of company stock valued at $18,127,612 in the last 90 days.

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.