BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Shares Purchased by Fountainhead AM LLC

Fountainhead AM LLC boosted its position in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 62.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,062 shares of the company’s stock after buying an additional 49,831 shares during the quarter. Fountainhead AM LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $946,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wolverine Asset Management LLC acquired a new stake in shares of BlackRock Innovation and Growth Term Trust in the 3rd quarter valued at about $27,000. CWM LLC raised its stake in shares of BlackRock Innovation and Growth Term Trust by 5,155.0% in the 3rd quarter. CWM LLC now owns 6,306 shares of the company’s stock valued at $44,000 after purchasing an additional 6,186 shares in the last quarter. OmniStar Financial Group Inc. acquired a new stake in BlackRock Innovation and Growth Term Trust during the third quarter worth about $80,000. Kestra Advisory Services LLC raised its stake in BlackRock Innovation and Growth Term Trust by 17.4% during the third quarter. Kestra Advisory Services LLC now owns 13,533 shares of the company’s stock worth $94,000 after acquiring an additional 2,005 shares during the period. Finally, Successful Portfolios LLC acquired a new stake in BlackRock Innovation and Growth Term Trust during the fourth quarter worth about $108,000.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. bought 492,596 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was purchased at an average price of $7.57 per share, for a total transaction of $3,728,951.72. Following the transaction, the insider now owns 45,871,993 shares in the company, valued at $347,250,987.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 4,450,293 shares of company stock worth $35,116,378 over the last quarter.

BlackRock Innovation and Growth Term Trust Price Performance

BIGZ traded up $0.11 on Tuesday, hitting $7.23. 327,475 shares of the company’s stock were exchanged, compared to its average volume of 730,561. BlackRock Innovation and Growth Term Trust has a twelve month low of $6.21 and a twelve month high of $8.35. The stock has a fifty day moving average of $7.84 and a two-hundred day moving average of $7.43.

BlackRock Innovation and Growth Term Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a dividend of $0.0445 per share. This is a positive change from BlackRock Innovation and Growth Term Trust’s previous monthly dividend of $0.04. The ex-dividend date is Friday, April 12th. This represents a $0.53 annualized dividend and a yield of 7.39%.

BlackRock Innovation and Growth Term Trust Profile

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.