Cornerstone Advisors LLC Reduces Holdings in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Cornerstone Advisors LLC reduced its stake in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 11.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,511,905 shares of the company’s stock after selling 188,389 shares during the quarter. Cornerstone Advisors LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $10,931,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. acquired a new position in BlackRock Innovation and Growth Term Trust during the 4th quarter worth $110,000. Steward Partners Investment Advisory LLC increased its stake in shares of BlackRock Innovation and Growth Term Trust by 5.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 65,521 shares of the company’s stock worth $480,000 after acquiring an additional 3,105 shares during the period. Karpus Management Inc. raised its stake in shares of BlackRock Innovation and Growth Term Trust by 54.3% during the 4th quarter. Karpus Management Inc. now owns 1,203,858 shares of the company’s stock worth $8,824,000 after buying an additional 423,468 shares in the last quarter. LM Advisors LLC purchased a new stake in shares of BlackRock Innovation and Growth Term Trust in the fourth quarter valued at approximately $1,133,000. Finally, Virtu Financial LLC lifted its holdings in BlackRock Innovation and Growth Term Trust by 84.6% in the fourth quarter. Virtu Financial LLC now owns 39,245 shares of the company’s stock valued at $288,000 after acquiring an additional 17,987 shares during the period.

BlackRock Innovation and Growth Term Trust Trading Up 0.3 %

BIGZ stock opened at $7.38 on Monday. The firm has a 50 day moving average of $7.28 and a 200-day moving average of $7.44. BlackRock Innovation and Growth Term Trust has a 12-month low of $6.21 and a 12-month high of $8.25.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.0864 per share. The ex-dividend date is Tuesday, October 15th.

Insider Buying and Selling at BlackRock Innovation and Growth Term Trust

In related news, major shareholder Saba Capital Management, L.P. purchased 42,236 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was bought at an average cost of $7.38 per share, with a total value of $311,701.68. Following the completion of the acquisition, the insider now directly owns 52,553,522 shares in the company, valued at approximately $387,844,992.36. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have acquired 1,526,722 shares of company stock valued at $11,207,442 over the last quarter.

BlackRock Innovation and Growth Term Trust 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.