Winebrenner Capital Management LLC Purchases Shares of 20,000 BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Winebrenner Capital Management LLC purchased a new stake in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 20,000 shares of the company’s stock, valued at approximately $149,000.

Several other institutional investors have also recently added to or reduced their stakes in BIGZ. SeaCrest Wealth Management LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust during the fourth quarter worth approximately $110,000. Virtu Financial LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust during the third quarter worth approximately $191,000. Concurrent Investment Advisors LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust during the fourth quarter worth approximately $197,000. Garden State Investment Advisory Services LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust during the third quarter worth approximately $245,000. Finally, Captrust Financial Advisors raised its position in shares of BlackRock Innovation and Growth Term Trust by 4.8% during the third quarter. Captrust Financial Advisors now owns 32,800 shares of the company’s stock worth $248,000 after purchasing an additional 1,500 shares during the period.

Insider Transactions at BlackRock Innovation and Growth Term Trust

In related news, major shareholder Saba Capital Management, L.P. purchased 279,479 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average cost of $7.45 per share, with a total value of $2,082,118.55. Following the transaction, the insider now owns 60,047,827 shares of the company’s stock, valued at $447,356,311.15. This represents a 0.47 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought 1,990,483 shares of company stock valued at $15,531,941 over the last ninety days.

BlackRock Innovation and Growth Term Trust Stock Down 2.5 %

Shares of NYSE:BIGZ opened at $7.66 on Friday. BlackRock Innovation and Growth Term Trust has a twelve month low of $6.66 and a twelve month high of $8.31. The stock’s 50 day moving average is $7.88 and its 200-day moving average is $7.67.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.0866 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 13.56%. The ex-dividend date is Friday, February 14th.

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.