Pine Valley Investments Ltd Liability Co Sells 23,330 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Pine Valley Investments Ltd Liability Co reduced its position in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 50.2% during the fourth quarter, HoldingsChannel reports. The firm owned 23,182 shares of the company’s stock after selling 23,330 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in BlackRock Innovation and Growth Term Trust were worth $172,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BIGZ. SeaCrest Wealth Management LLC bought a new stake in BlackRock Innovation and Growth Term Trust in the fourth quarter worth approximately $110,000. Winebrenner Capital Management LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust during the 4th quarter worth approximately $149,000. Virtu Financial LLC acquired a new stake in shares of BlackRock Innovation and Growth Term Trust during the 3rd quarter worth approximately $191,000. Concurrent Investment Advisors LLC bought a new stake in shares of BlackRock Innovation and Growth Term Trust in the 4th quarter valued at $197,000. Finally, Garden State Investment Advisory Services LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust during the 3rd quarter valued at $245,000.

BlackRock Innovation and Growth Term Trust Price Performance

Shares of NYSE BIGZ opened at $7.36 on Friday. The company’s fifty day simple moving average is $7.86 and its 200 day simple moving average is $7.68. BlackRock Innovation and Growth Term Trust has a 12-month low of $6.66 and a 12-month high of $8.31.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 14.11%.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. bought 94,924 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were bought at an average cost of $7.98 per share, for a total transaction of $757,493.52. Following the acquisition, the insider now directly owns 58,237,616 shares in the company, valued at approximately $464,736,175.68. This trade represents a 0.16 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought a total of 1,723,751 shares of company stock worth $13,408,754 in the last three months.

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.