BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Shares Bought by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC boosted its holdings in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 108.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,142,760 shares of the company’s stock after purchasing an additional 594,776 shares during the period. Rivernorth Capital Management LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $8,628,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Penserra Capital Management LLC purchased a new stake in BlackRock Innovation and Growth Term Trust during the third quarter valued at about $15,076,000. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at approximately $4,192,000. Almitas Capital LLC acquired a new position in BlackRock Innovation and Growth Term Trust in the 2nd quarter worth approximately $3,928,000. Sessa Capital IM L.P. raised its stake in BlackRock Innovation and Growth Term Trust by 15.0% during the 2nd quarter. Sessa Capital IM L.P. now owns 2,739,993 shares of the company’s stock valued at $19,810,000 after purchasing an additional 356,372 shares during the period. Finally, Quarry LP lifted 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 in the last quarter.

Insider Buying and Selling at BlackRock Innovation and Growth Term Trust

In other BlackRock Innovation and Growth Term Trust news, major shareholder Saba Capital Management, L.P. purchased 31,631 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were acquired at an average price of $7.33 per share, for a total transaction of $231,855.23. Following the acquisition, the insider now owns 54,873,172 shares of the company’s stock, valued at $402,220,350.76. This trade represents a 0.06 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have bought 2,143,774 shares of company stock worth $16,495,568 over the last 90 days.

BlackRock Innovation and Growth Term Trust Price Performance

Shares of BlackRock Innovation and Growth Term Trust stock opened at $7.85 on Friday. The stock has a 50-day moving average price of $7.73 and a 200 day moving average price of $7.47. BlackRock Innovation and Growth Term Trust has a 1 year low of $6.66 and a 1 year high of $8.25.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 16th will be issued a dividend of $0.0868 per share. The ex-dividend date is Monday, December 16th. This represents a $1.04 annualized dividend and a dividend yield of 13.26%.

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.