Pine Valley Investments Ltd Liability Co Sells 23,330 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Pine Valley Investments Ltd Liability Co trimmed its position in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 50.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,182 shares of the company’s stock after selling 23,330 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in BlackRock Innovation and Growth Term Trust were worth $172,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SeaCrest Wealth Management LLC acquired a new stake in shares of BlackRock Innovation and Growth Term Trust during the fourth quarter worth about $110,000. Winebrenner Capital Management LLC bought a new stake in BlackRock Innovation and Growth Term Trust during the 4th quarter worth approximately $149,000. Virtu Financial LLC acquired a new stake in BlackRock Innovation and Growth Term Trust during the 3rd quarter worth approximately $191,000. Concurrent Investment Advisors LLC bought a new position in BlackRock Innovation and Growth Term Trust in the fourth quarter valued at approximately $197,000. Finally, Garden State Investment Advisory Services LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the third quarter valued at approximately $245,000.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of NYSE:BIGZ opened at $7.36 on Friday. BlackRock Innovation and Growth Term Trust has a 12 month low of $6.66 and a 12 month high of $8.31. The company’s fifty day simple moving average is $7.86 and its 200 day simple moving average is $7.68.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.0866 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a yield of 14.11%.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. acquired 185,716 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was acquired at an average price of $8.07 per share, with a total value of $1,498,728.12. Following the completion of the transaction, the insider now directly owns 58,448,770 shares of the company’s stock, valued at $471,681,573.90. This trade represents a 0.32 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 1,723,751 shares of company stock valued at $13,408,754 over the last ninety days.

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.