Quarry LP Sells 59,592 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Quarry LP decreased its stake in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 15.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 338,342 shares of the company’s stock after selling 59,592 shares during the quarter. BlackRock Innovation and Growth Term Trust makes up about 0.7% of Quarry LP’s investment portfolio, making the stock its 29th biggest position. Quarry LP’s holdings in BlackRock Innovation and Growth Term Trust were worth $2,554,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Rivernorth Capital Management LLC lifted its stake in BlackRock Innovation and Growth Term Trust by 101.6% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,104,819 shares of the company’s stock valued at $8,341,000 after purchasing an additional 556,835 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new position in BlackRock Innovation and Growth Term Trust in the 3rd quarter valued at approximately $245,000. Captrust Financial Advisors increased 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 acquiring an additional 1,500 shares during the period. Capstone Investment Advisors LLC acquired a new position in BlackRock Innovation and Growth Term Trust in the 3rd quarter valued at approximately $1,818,000. Finally, Penserra Capital Management LLC acquired a new position in BlackRock Innovation and Growth Term Trust in the 3rd quarter valued at approximately $15,076,000.

Insider Transactions at BlackRock Innovation and Growth Term Trust

In other news, major shareholder Saba Capital Management, L.P. acquired 315,074 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was bought at an average cost of $7.47 per share, for a total transaction of $2,353,602.78. Following the completion of the transaction, the insider now directly owns 55,339,170 shares in the company, valued at $413,383,599.90. This represents a 0.57 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders bought a total of 1,958,058 shares of company stock worth $14,996,840 over the last three months.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of NYSE BIGZ opened at $8.07 on Thursday. BlackRock Innovation and Growth Term Trust has a 52-week low of $6.66 and a 52-week high of $8.25. The firm has a 50 day moving average price of $7.67 and a two-hundred day moving average price of $7.45.

BlackRock Innovation and Growth Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.0863 per share. This represents a $1.04 annualized dividend and a dividend yield of 12.84%. The ex-dividend date of this dividend was Friday, November 15th.

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.