Raymond James Financial Services Advisors Inc. Has $11.80 Million Stock Holdings in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Raymond James Financial Services Advisors Inc. grew its stake in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 9.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,449,290 shares of the company’s stock after purchasing an additional 125,720 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in BlackRock Innovation and Growth Term Trust were worth $11,797,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Wolverine Asset Management LLC bought a new stake in BlackRock Innovation and Growth Term Trust in the third quarter valued at $27,000. Thompson Investment Management Inc. acquired a new stake in shares of BlackRock Innovation and Growth Term Trust in the 1st quarter valued at $33,000. CWM LLC grew its holdings in shares of BlackRock Innovation and Growth Term Trust by 5,155.0% in the 3rd quarter. CWM LLC now owns 6,306 shares of the company’s stock worth $44,000 after purchasing an additional 6,186 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in shares of BlackRock Innovation and Growth Term Trust during the 1st quarter worth about $53,000. Finally, OmniStar Financial Group Inc. acquired a new stake in shares of BlackRock Innovation and Growth Term Trust during the 3rd quarter worth about $80,000.

Insider Transactions at BlackRock Innovation and Growth Term Trust

In other BlackRock Innovation and Growth Term Trust news, major shareholder Saba Capital Management, L.P. bought 29,397 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were bought at an average price of $7.70 per share, for a total transaction of $226,356.90. Following the completion of the acquisition, the insider now owns 46,856,929 shares of the company’s stock, valued at $360,798,353.30. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have acquired 2,977,569 shares of company stock valued at $23,929,937 in the last three months.

BlackRock Innovation and Growth Term Trust Price Performance

NYSE:BIGZ traded up $0.05 on Friday, reaching $7.26. The stock had a trading volume of 390,174 shares, compared to its average volume of 713,522. BlackRock Innovation and Growth Term Trust has a 1-year low of $6.21 and a 1-year high of $8.35. The stock has a fifty day moving average price of $7.71 and a 200-day moving average price of $7.44.

BlackRock Innovation and Growth Term Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a $0.0444 dividend. This represents a $0.53 annualized dividend and a dividend yield of 7.35%. The ex-dividend date is Tuesday, May 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.