Wolverine Asset Management LLC Raises Holdings in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Wolverine Asset Management LLC lifted its holdings in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 1,350.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,614 shares of the company’s stock after buying an additional 118,814 shares during the period. Wolverine Asset Management LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $949,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Captrust Financial Advisors raised its stake in shares of BlackRock Innovation and Growth Term Trust by 4.8% during the 3rd quarter. Captrust Financial Advisors now owns 32,800 shares of the company’s stock worth $248,000 after buying an additional 1,500 shares in the last quarter. Jane Street Group LLC increased its stake in BlackRock Innovation and Growth Term Trust by 421.8% in the 3rd quarter. Jane Street Group LLC now owns 61,072 shares of the company’s stock valued at $461,000 after purchasing an additional 49,367 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in BlackRock Innovation and Growth Term Trust in the 4th quarter valued at approximately $110,000. International Assets Investment Management LLC purchased a new position in BlackRock Innovation and Growth Term Trust in the 3rd quarter valued at approximately $1,690,000. Finally, Rivernorth Capital Management LLC increased its stake in BlackRock Innovation and Growth Term Trust by 108.5% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,142,760 shares of the company’s stock valued at $8,628,000 after purchasing an additional 594,776 shares in the last quarter.

BlackRock Innovation and Growth Term Trust Stock Down 2.5 %

NYSE BIGZ opened at $7.66 on Friday. BlackRock Innovation and Growth Term Trust has a 1-year low of $6.66 and a 1-year high of $8.31. The business has a 50 day moving average price of $7.88 and a 200 day moving average price of $7.67.

BlackRock Innovation and Growth Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.0866 dividend. This represents a $1.04 annualized dividend and a yield of 13.56%. The ex-dividend date of this dividend is Friday, February 14th.

Insider Activity at BlackRock Innovation and Growth Term Trust

In related news, major shareholder Saba Capital Management, L.P. purchased 94,924 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was bought at an average price of $7.98 per share, with a total value of $757,493.52. Following the completion of the transaction, the insider now owns 58,237,616 shares of the company’s stock, valued at approximately $464,736,175.68. This represents a 0.16 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 1,990,483 shares of company stock valued at $15,531,941 in the last ninety days.

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.