Sessa Capital IM L.P. Has $17.95 Million Stock Holdings in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Sessa Capital IM L.P. decreased its stake in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 13.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,377,464 shares of the company’s stock after selling 362,529 shares during the period. BlackRock Innovation and Growth Term Trust makes up 0.7% of Sessa Capital IM L.P.’s holdings, making the stock its 21st biggest holding. Sessa Capital IM L.P.’s holdings in BlackRock Innovation and Growth Term Trust were worth $17,950,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BIGZ. J.W. Cole Advisors Inc. acquired a new position in shares of BlackRock Innovation and Growth Term Trust during the second quarter valued at $75,000. Tempus Wealth Planning LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at about $76,000. Dakota Wealth Management grew its position in shares of BlackRock Innovation and Growth Term Trust by 9.4% during the 2nd quarter. Dakota Wealth Management now owns 21,217 shares of the company’s stock worth $153,000 after buying an additional 1,824 shares during the period. PFG Investments LLC raised its stake 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 buying an additional 10,099 shares during the last quarter. Finally, Prudent Investors Network Inc. acquired a new position in BlackRock Innovation and Growth Term Trust in the first quarter valued at approximately $174,000.

Insider Buying and Selling at BlackRock Innovation and Growth Term Trust

In related news, major shareholder Saba Capital Management, L.P. purchased 22,616 shares of the stock in a transaction dated Monday, November 11th. The stock was bought at an average cost of $7.83 per share, with a total value of $177,083.28. Following the purchase, the insider now directly owns 57,417,734 shares in the company, valued at $449,580,857.22. The trade was a 0.04 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders have purchased 1,527,980 shares of company stock valued at $11,578,363.

BlackRock Innovation and Growth Term Trust Trading Up 1.2 %

Shares of BlackRock Innovation and Growth Term Trust stock opened at $7.77 on Friday. The firm has a fifty day moving average of $7.59 and a two-hundred day moving average of $7.41. 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 Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.0863 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.04 dividend on an annualized basis and a yield of 13.33%.

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.