Corrado Advisors LLC Sells 28,772 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Corrado Advisors LLC decreased its stake in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 13.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,777 shares of the company’s stock after selling 28,772 shares during the quarter. Corrado Advisors LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $1,323,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Captrust Financial Advisors lifted its holdings in BlackRock Innovation and Growth Term Trust by 4.8% during the 3rd quarter. Captrust Financial Advisors now owns 32,800 shares of the company’s stock valued at $248,000 after buying an additional 1,500 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in BlackRock Innovation and Growth Term Trust during the 4th quarter valued at about $110,000. Winebrenner Capital Management LLC bought a new stake in BlackRock Innovation and Growth Term Trust during the 4th quarter valued at about $149,000. International Assets Investment Management LLC bought a new stake in shares of BlackRock Innovation and Growth Term Trust in the 3rd quarter valued at about $1,690,000. Finally, Virtu Financial LLC bought a new stake in shares of BlackRock Innovation and Growth Term Trust in the 3rd quarter valued at about $191,000.

BlackRock Innovation and Growth Term Trust Stock Performance

NYSE:BIGZ opened at $7.56 on Thursday. BlackRock Innovation and Growth Term Trust has a one year low of $6.66 and a one year high of $8.31. The firm has a 50-day simple moving average of $7.87 and a 200-day simple moving average of $7.69.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.0866 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.04 annualized dividend and a dividend yield of 13.74%.

Insider Activity

In other BlackRock Innovation and Growth Term Trust news, major shareholder Saba Capital Management, L.P. purchased 185,716 shares of BlackRock Innovation and Growth Term Trust stock in a transaction dated Wednesday, December 4th. The stock was acquired at an average price of $8.07 per share, for a total transaction of $1,498,728.12. Following the acquisition, the insider now owns 58,448,770 shares in the company, valued at $471,681,573.90. This trade represents a 0.32 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders acquired 1,723,751 shares of company stock worth $13,408,754.

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.