Samalin Investment Counsel LLC Grows Holdings in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Samalin Investment Counsel LLC lifted its position in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 114.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,821 shares of the company’s stock after acquiring an additional 13,221 shares during the quarter. Samalin Investment Counsel LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $185,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Avantax Advisory Services Inc. acquired a new position in BlackRock Innovation and Growth Term Trust in the 4th quarter worth about $82,000. SeaCrest Wealth Management LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust during the 4th quarter worth approximately $110,000. Commonwealth Equity Services LLC raised its stake in shares of BlackRock Innovation and Growth Term Trust by 24.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 14,780 shares of the company’s stock worth $110,000 after buying an additional 2,890 shares during the period. Vista Investment Partners II LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust during the 4th quarter valued at approximately $121,000. Finally, Winebrenner Capital Management LLC acquired a new stake in BlackRock Innovation and Growth Term Trust in the 4th quarter valued at $149,000.

Insider Activity at BlackRock Innovation and Growth Term Trust

In other news, major shareholder Saba Capital Management, L.P. purchased 69,719 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was purchased at an average cost of $7.65 per share, for a total transaction of $533,350.35. Following the completion of the transaction, the insider now owns 59,615,955 shares of the company’s stock, valued at $456,062,055.75. This trade represents a 0.12 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders have purchased 737,938 shares of company stock valued at $5,588,821.

BlackRock Innovation and Growth Term Trust Stock Performance

NYSE:BIGZ opened at $6.55 on Monday. BlackRock Innovation and Growth Term Trust has a fifty-two week low of $6.66 and a fifty-two week high of $8.31. The company has a fifty day moving average of $7.59 and a two-hundred day moving average of $7.62.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.0862 per share. The ex-dividend date is Friday, March 14th. This represents a dividend yield of 16.15%.

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.