Sessa Capital IM L.P. Sells 362,529 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Sessa Capital IM L.P. lessened its stake in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 13.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,377,464 shares of the company’s stock after selling 362,529 shares during the period. BlackRock Innovation and Growth Term Trust comprises 0.7% of Sessa Capital IM L.P.’s portfolio, making the stock its 21st biggest holding. Sessa Capital IM L.P.’s holdings in BlackRock Innovation and Growth Term Trust were worth $17,950,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in BIGZ. Wolverine Asset Management LLC bought a new stake in BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at $4,192,000. Almitas Capital LLC bought a new stake in BlackRock Innovation and Growth Term Trust in the second quarter valued at about $3,928,000. Quarry LP raised 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 in the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in BlackRock Innovation and Growth Term Trust by 56.9% during the second quarter. Blue Bell Private Wealth Management LLC now owns 368,889 shares of the company’s stock worth $2,667,000 after purchasing an additional 133,761 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC acquired a new stake in BlackRock Innovation and Growth Term Trust during the second quarter valued at approximately $1,931,000.

BlackRock Innovation and Growth Term Trust Trading Up 1.2 %

BIGZ stock opened at $7.77 on Friday. BlackRock Innovation and Growth Term Trust has a 1-year low of $6.66 and a 1-year high of $8.25. The business’s 50 day moving average is $7.59 and its 200-day moving average is $7.41.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders 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 yield of 13.33%.

Insider Buying and Selling at BlackRock Innovation and Growth Term Trust

In other news, major shareholder Saba Capital Management, L.P. acquired 315,074 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were purchased at an average cost of $7.47 per share, with a total value of $2,353,602.78. Following the completion of the purchase, the insider now owns 55,339,170 shares of the company’s stock, valued at $413,383,599.90. This represents a 0.57 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders purchased 1,527,980 shares of company stock valued at $11,578,363.

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.