BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its stake in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 13.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 236,740 shares of the company’s stock after buying an additional 27,424 shares during the period. Oppenheimer & Co. Inc.’s holdings in BlackRock Innovation and Growth Term Trust were worth $1,761,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of BIGZ. Penserra Capital Management LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the 3rd quarter worth $15,076,000. Absolute Investment Advisers LLC purchased a new position in BlackRock Innovation and Growth Term Trust in the 4th quarter worth about $9,435,000. 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 worth $8,628,000 after purchasing an additional 594,776 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in BlackRock Innovation and Growth Term Trust during the 3rd quarter worth about $1,818,000. Finally, Wolverine Asset Management LLC lifted its stake in BlackRock Innovation and Growth Term Trust by 1,350.2% during the fourth quarter. Wolverine Asset Management LLC now owns 127,614 shares of the company’s stock valued at $949,000 after buying an additional 118,814 shares in the last quarter.

BlackRock Innovation and Growth Term Trust Price Performance

BlackRock Innovation and Growth Term Trust stock opened at $7.11 on Tuesday. BlackRock Innovation and Growth Term Trust has a fifty-two week low of $6.66 and a fifty-two week high of $8.31. The firm’s 50 day simple moving average is $7.85 and its 200-day simple moving average is $7.69.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.0866 per share. This represents a $1.04 annualized dividend and a yield of 14.61%. The ex-dividend date of this dividend was Friday, February 14th.

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. acquired 185,716 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was purchased at an average cost of $8.07 per share, for a total transaction of $1,498,728.12. Following the transaction, the insider now owns 58,448,770 shares of the company’s stock, valued at $471,681,573.90. The trade was a 0.32 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought a total of 1,628,827 shares of company stock valued at $12,651,261 in the last three months.

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.