1,996,835 Shares in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC purchased a new stake in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,996,835 shares of the company’s stock, valued at approximately $15,076,000.

A number of other hedge funds have also bought and sold shares of the stock. Sessa Capital IM L.P. grew its holdings in shares of BlackRock Innovation and Growth Term Trust by 15.0% during the second quarter. Sessa Capital IM L.P. now owns 2,739,993 shares of the company’s stock valued at $19,810,000 after buying an additional 356,372 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in BlackRock Innovation and Growth Term Trust during the 2nd quarter worth about $4,192,000. Almitas Capital LLC purchased a new stake in BlackRock Innovation and Growth Term Trust during the 2nd quarter valued at about $3,928,000. Quarry LP increased its holdings in shares of BlackRock Innovation and Growth Term Trust by 251.2% in the second quarter. Quarry LP now owns 397,934 shares of the company’s stock valued at $2,877,000 after purchasing an additional 284,634 shares during the period. Finally, Blue Bell Private Wealth Management LLC raised its stake in shares of BlackRock Innovation and Growth Term Trust by 56.9% in the second quarter. Blue Bell Private Wealth Management LLC now owns 368,889 shares of the company’s stock worth $2,667,000 after purchasing an additional 133,761 shares during the last quarter.

BlackRock Innovation and Growth Term Trust Trading Up 1.2 %

Shares of NYSE BIGZ opened at $7.86 on Friday. BlackRock Innovation and Growth Term Trust has a 52 week low of $6.66 and a 52 week high of $8.25. The business’s 50 day moving average price is $7.60 and its 200 day moving average price is $7.42.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.0863 dividend. This represents a $1.04 annualized dividend and a dividend yield of 13.18%. The ex-dividend date of this dividend is Friday, November 15th.

Insider Transactions at BlackRock Innovation and Growth Term Trust

In other BlackRock Innovation and Growth Term Trust news, major shareholder Saba Capital Management, L.P. purchased 315,074 shares of the stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of $7.47 per share, with a total value of $2,353,602.78. Following the completion of the acquisition, the insider now owns 55,339,170 shares in the company, valued at $413,383,599.90. This trade represents a 0.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired 1,527,980 shares of company stock worth $11,578,363 over the last 90 days.

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.