Rockefeller Capital Management L.P. Has $2.35 Million Stock Holdings in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Rockefeller Capital Management L.P. cut its holdings in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 9.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 310,994 shares of the company’s stock after selling 33,133 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in BlackRock Innovation and Growth Term Trust were worth $2,348,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BIGZ. Penserra Capital Management LLC acquired a new stake in BlackRock Innovation and Growth Term Trust in the third quarter worth about $15,076,000. Wolverine Asset Management LLC acquired a new stake in BlackRock Innovation and Growth Term Trust in the second quarter worth about $4,192,000. Almitas Capital LLC acquired a new stake in BlackRock Innovation and Growth Term Trust in the second quarter worth about $3,928,000. Sessa Capital IM L.P. increased its position in BlackRock Innovation and Growth Term Trust by 15.0% in the second quarter. Sessa Capital IM L.P. now owns 2,739,993 shares of the company’s stock worth $19,810,000 after purchasing an additional 356,372 shares during the period. Finally, Quarry LP increased its position in 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 worth $2,877,000 after purchasing an additional 284,634 shares during the period.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of BIGZ stock opened at $8.08 on Friday. The stock has a 50-day moving average price of $7.69 and a 200 day moving average price of $7.46. BlackRock Innovation and Growth Term Trust has a 12 month low of $6.66 and a 12 month high of $8.25.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.0863 per share. This represents a $1.04 dividend on an annualized basis and a yield of 12.82%. The ex-dividend date of this dividend was Friday, November 15th.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. bought 31,631 shares of BlackRock Innovation and Growth Term Trust stock in a transaction on Monday, September 16th. The shares were purchased at an average price of $7.33 per share, for a total transaction of $231,855.23. Following the completion of the acquisition, the insider now owns 54,873,172 shares in the company, valued at approximately $402,220,350.76. This represents a 0.06 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have purchased 2,143,774 shares of company stock worth $16,495,568.

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.