Cornerstone Advisors LLC Sells 188,389 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Cornerstone Advisors LLC lessened its holdings in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 11.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,511,905 shares of the company’s stock after selling 188,389 shares during the quarter. Cornerstone Advisors LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $10,931,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. bought a new position in shares of BlackRock Innovation and Growth Term Trust during the second quarter worth $75,000. Prevail Innovative Wealth Advisors LLC purchased a new stake in BlackRock Innovation and Growth Term Trust during the second quarter valued at $1,931,000. PFG Investments LLC lifted its position in BlackRock Innovation and Growth Term Trust by 75.1% during the second quarter. PFG Investments LLC now owns 23,538 shares of the company’s stock valued at $170,000 after purchasing an additional 10,099 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in BlackRock Innovation and Growth Term Trust by 56.9% during the second quarter. Blue Bell Private Wealth Management LLC now owns 368,889 shares of the company’s stock valued at $2,667,000 after purchasing an additional 133,761 shares during the last quarter. Finally, Shaker Financial Services LLC increased its holdings in shares of BlackRock Innovation and Growth Term Trust by 136.1% in the 2nd quarter. Shaker Financial Services LLC now owns 92,062 shares of the company’s stock worth $666,000 after buying an additional 53,062 shares during the last quarter.

Insider Activity

In other BlackRock Innovation and Growth Term Trust news, major shareholder Saba Capital Management, L.P. acquired 42,236 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were bought at an average cost of $7.38 per share, with a total value of $311,701.68. Following the completion of the acquisition, the insider now directly owns 52,553,522 shares in the company, valued at approximately $387,844,992.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders purchased 1,526,722 shares of company stock valued at $11,207,442.

BlackRock Innovation and Growth Term Trust Price Performance

Shares of NYSE BIGZ opened at $7.38 on Monday. BlackRock Innovation and Growth Term Trust has a 1-year low of $6.21 and a 1-year high of $8.25. The business’s 50 day moving average is $7.28 and its two-hundred day moving average is $7.44.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a $0.0864 dividend. The ex-dividend date of this dividend is Tuesday, October 15th.

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.