Penserra Capital Management LLC Takes $15.08 Million Position in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Penserra Capital Management LLC acquired a new stake in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,996,835 shares of the company’s stock, valued at approximately $15,076,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. International Assets Investment Management LLC purchased a new stake in BlackRock Innovation and Growth Term Trust during the third quarter worth $1,690,000. Sanctuary Advisors LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter worth $1,401,000. Quarry LP lifted its stake in shares of BlackRock Innovation and Growth Term Trust by 251.2% during the 2nd 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 last quarter. Almitas Capital LLC bought a new stake in BlackRock Innovation and Growth Term Trust during the second quarter valued at about $3,928,000. Finally, Sessa Capital IM L.P. grew its stake 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 valued at $19,810,000 after purchasing an additional 356,372 shares during the last quarter.

Insider Activity at BlackRock Innovation and Growth Term Trust

In other news, major shareholder Saba Capital Management, L.P. purchased 92,376 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were acquired at an average cost of $7.60 per share, with a total value of $702,057.60. Following the completion of the acquisition, the insider now owns 57,709,483 shares of the company’s stock, valued at $438,592,070.80. This trade represents a 0.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders bought 1,527,980 shares of company stock valued at $11,578,363 over the last 90 days.

BlackRock Innovation and Growth Term Trust Trading Up 1.2 %

Shares of BlackRock Innovation and Growth Term Trust stock opened at $7.86 on Friday. The company has a 50-day simple moving average of $7.60 and a two-hundred day simple moving average of $7.42. BlackRock Innovation and Growth Term Trust has a one year low of $6.66 and a one 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 Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.0863 per share. The ex-dividend date is Friday, November 15th. This represents a $1.04 annualized dividend and a dividend yield of 13.18%.

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.