Pine Valley Investments Ltd Liability Co Sells 2,453 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Pine Valley Investments Ltd Liability Co trimmed its position in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,512 shares of the company’s stock after selling 2,453 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in BlackRock Innovation and Growth Term Trust were worth $351,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Captrust Financial Advisors boosted its stake 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 worth $248,000 after purchasing an additional 1,500 shares during the period. Dakota Wealth Management lifted its holdings in shares of BlackRock Innovation and Growth Term Trust by 9.4% in the second quarter. Dakota Wealth Management now owns 21,217 shares of the company’s stock worth $153,000 after buying an additional 1,824 shares in the last quarter. PFG Investments LLC boosted its position in shares of 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 worth $170,000 after acquiring an additional 10,099 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new position in BlackRock Innovation and Growth Term Trust during the second quarter valued at $75,000. Finally, Tempus Wealth Planning LLC bought a new stake in BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at $76,000.

BlackRock Innovation and Growth Term Trust Price Performance

BIGZ opened at $7.88 on Friday. The firm has a 50-day simple moving average of $7.73 and a two-hundred day simple moving average of $7.47. BlackRock Innovation and Growth Term Trust has a 52 week low of $6.66 and a 52 week high of $8.25.

BlackRock Innovation and Growth Term Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 16th will be paid a dividend of $0.0868 per share. This represents a $1.04 dividend on an annualized basis and a yield of 13.21%. The ex-dividend date of this dividend is Monday, December 16th.

Insider Buying and Selling at BlackRock Innovation and Growth Term Trust

In related news, major shareholder Saba Capital Management, L.P. acquired 185,716 shares of the stock in a transaction dated Wednesday, December 4th. The stock was acquired at an average cost of $8.07 per share, with a total value of $1,498,728.12. Following the purchase, the insider now directly owns 58,448,770 shares of the company’s stock, valued at approximately $471,681,573.90. This trade represents a 0.32 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders bought 2,143,774 shares of company stock worth $16,495,568 in the last quarter.

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.