Fountainhead AM LLC Has $946,000 Stake in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Fountainhead AM LLC increased its holdings in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 62.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,062 shares of the company’s stock after purchasing an additional 49,831 shares during the quarter. Fountainhead AM LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $946,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Kestra Advisory Services LLC lifted its stake in BlackRock Innovation and Growth Term Trust by 17.4% in the third quarter. Kestra Advisory Services LLC now owns 13,533 shares of the company’s stock valued at $94,000 after acquiring an additional 2,005 shares during the last quarter. Chapin Davis Inc. lifted its stake in BlackRock Innovation and Growth Term Trust by 2.8% in the fourth quarter. Chapin Davis Inc. now owns 85,885 shares of the company’s stock valued at $630,000 after acquiring an additional 2,300 shares during the last quarter. Private Advisor Group LLC lifted its stake in BlackRock Innovation and Growth Term Trust by 2.3% in the third quarter. Private Advisor Group LLC now owns 116,043 shares of the company’s stock valued at $808,000 after acquiring an additional 2,577 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in BlackRock Innovation and Growth Term Trust in the third quarter valued at $27,000. Finally, 1607 Capital Partners LLC lifted its stake in BlackRock Innovation and Growth Term Trust by 0.7% in the third quarter. 1607 Capital Partners LLC now owns 775,844 shares of the company’s stock valued at $5,400,000 after acquiring an additional 5,500 shares during the last quarter.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. acquired 492,596 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were bought at an average cost of $7.57 per share, with a total value of $3,728,951.72. Following the completion of the transaction, the insider now directly owns 45,871,993 shares of the company’s stock, valued at $347,250,987.01. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have purchased 4,450,293 shares of company stock valued at $35,116,378 over the last ninety days.

BlackRock Innovation and Growth Term Trust Stock Performance

BIGZ stock traded up $0.11 during trading hours on Tuesday, reaching $7.23. The stock had a trading volume of 327,475 shares, compared to its average volume of 730,561. The stock has a 50-day simple moving average of $7.84 and a 200 day simple moving average of $7.43. BlackRock Innovation and Growth Term Trust has a fifty-two week low of $6.21 and a fifty-two week high of $8.35.

BlackRock Innovation and Growth Term Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be given a $0.0445 dividend. The ex-dividend date is Friday, April 12th. This is a positive change from BlackRock Innovation and Growth Term Trust’s previous monthly dividend of $0.04. This represents a $0.53 annualized dividend and a dividend yield of 7.39%.

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.