Lazard Asset Management LLC Reduces Holdings in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Lazard Asset Management LLC reduced its position in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 19.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,465,432 shares of the company’s stock after selling 613,382 shares during the period. Lazard Asset Management LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $18,342,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. grew its stake in BlackRock Innovation and Growth Term Trust by 0.4% in the 4th quarter. Invesco Ltd. now owns 3,267,366 shares of the company’s stock worth $24,309,000 after acquiring an additional 11,974 shares during the period. Raymond James Financial Inc. purchased a new stake in BlackRock Innovation and Growth Term Trust in the 4th quarter worth approximately $21,571,000. Absolute Investment Advisers LLC purchased a new stake in BlackRock Innovation and Growth Term Trust in the 4th quarter worth approximately $9,435,000. Quarry LP grew its stake in BlackRock Innovation and Growth Term Trust by 51.3% in the 4th quarter. Quarry LP now owns 512,080 shares of the company’s stock worth $3,810,000 after acquiring an additional 173,738 shares during the period. Finally, CF Capital LLC purchased a new stake in BlackRock Innovation and Growth Term Trust in the 4th quarter worth approximately $3,074,000.

BlackRock Innovation and Growth Term Trust Stock Down 1.5%

BIGZ stock opened at $6.49 on Wednesday. BlackRock Innovation and Growth Term Trust has a one year low of $6.66 and a one year high of $8.31. The company has a 50 day moving average price of $6.22 and a two-hundred day moving average price of $7.24.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.0862 dividend. The ex-dividend date was Friday, March 14th. This represents a dividend yield of 16.15%.

BlackRock Innovation and Growth Term Trust Company 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.