Raymond James Financial Services Advisors Inc. Has $11.80 Million Stock Position in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Raymond James Financial Services Advisors Inc. boosted its stake in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 9.5% in the first quarter, Holdings Channel reports. The firm owned 1,449,290 shares of the company’s stock after purchasing an additional 125,720 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in BlackRock Innovation and Growth Term Trust were worth $11,797,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. PFG Investments LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the 1st quarter valued at approximately $109,000. Raymond James & Associates increased its stake in BlackRock Innovation and Growth Term Trust by 0.9% in the first quarter. Raymond James & Associates now owns 1,857,646 shares of the company’s stock valued at $15,121,000 after acquiring an additional 16,989 shares during the last quarter. Register Financial Advisors LLC acquired a new position in BlackRock Innovation and Growth Term Trust during the first quarter valued at approximately $53,000. Thompson Investment Management Inc. bought a new stake in BlackRock Innovation and Growth Term Trust during the first quarter worth $33,000. Finally, PNC Financial Services Group Inc. lifted its stake in BlackRock Innovation and Growth Term Trust by 20.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 29,335 shares of the company’s stock worth $215,000 after purchasing an additional 5,040 shares during the last quarter.

Insider Transactions at BlackRock Innovation and Growth Term Trust

In related news, major shareholder Saba Capital Management, L.P. acquired 432,560 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average cost of $8.23 per share, for a total transaction of $3,559,968.80. Following the transaction, the insider now directly owns 48,191,447 shares in the company, valued at $396,615,608.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders purchased 2,977,569 shares of company stock valued at $23,929,937.

BlackRock Innovation and Growth Term Trust Trading Up 0.7 %

Shares of BIGZ traded up $0.05 during midday trading on Friday, hitting $7.26. The company’s stock had a trading volume of 390,174 shares, compared to its average volume of 713,522. BlackRock Innovation and Growth Term Trust has a one year low of $6.21 and a one year high of $8.35. The company’s fifty day simple moving average is $7.71 and its two-hundred day simple moving average is $7.44.

BlackRock Innovation and Growth Term Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.0444 per share. This represents a $0.53 annualized dividend and a yield of 7.35%. The ex-dividend date is Tuesday, May 14th.

BlackRock Innovation and Growth Term Trust Company 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.