Prevail Innovative Wealth Advisors LLC Acquires New Stake in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Prevail Innovative Wealth Advisors LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 267,027 shares of the company’s stock, valued at approximately $1,931,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Thompson Investment Management Inc. bought a new stake in shares of BlackRock Innovation and Growth Term Trust in the first quarter worth $33,000. Register Financial Advisors LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust during the 1st quarter worth about $53,000. Tempus Wealth Planning LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at about $76,000. Skyline Advisors Inc. bought a new stake in BlackRock Innovation and Growth Term Trust during the fourth quarter worth about $98,000. Finally, D.A. Davidson & CO. acquired a new position in BlackRock Innovation and Growth Term Trust during the fourth quarter valued at approximately $110,000.

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. purchased 42,236 shares of BlackRock Innovation and Growth Term Trust stock in a transaction that occurred on Friday, July 5th. The stock was acquired at an average price of $7.38 per share, for a total transaction of $311,701.68. Following the completion of the acquisition, the insider now owns 52,553,522 shares of the company’s stock, valued at approximately $387,844,992.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders bought a total of 1,526,722 shares of company stock worth $11,207,442 over the last quarter.

BlackRock Innovation and Growth Term Trust Stock Performance

BIGZ stock opened at $7.36 on Friday. BlackRock Innovation and Growth Term Trust has a twelve month low of $6.21 and a twelve month high of $8.25. The business has a 50 day moving average price of $7.28 and a two-hundred day moving average price of $7.46.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.0867 per share. This represents a $1.04 annualized dividend and a yield of 14.13%. The ex-dividend date is Monday, September 16th.

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.