BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Trading Up 0.6% – What’s Next?

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)’s share price traded up 0.6% on Thursday . The stock traded as high as $6.56 and last traded at $6.50. 708,482 shares traded hands during trading, an increase of 1% from the average session volume of 702,427 shares. The stock had previously closed at $6.46.

BlackRock Innovation and Growth Term Trust Price Performance

The company’s 50 day simple moving average is $6.66 and its 200 day simple moving average is $6.75.

Institutional Trading of BlackRock Innovation and Growth Term Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC boosted its position in BlackRock Innovation and Growth Term Trust by 20.3% in the first quarter. NewEdge Advisors LLC now owns 50,280 shares of the company’s stock worth $405,000 after purchasing an additional 8,478 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of BlackRock Innovation and Growth Term Trust during the 1st quarter worth $59,000. Advisors Asset Management Inc. raised its stake in shares of BlackRock Innovation and Growth Term Trust by 73.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 175,298 shares of the company’s stock worth $1,287,000 after purchasing an additional 74,074 shares during the period. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter worth about $563,000. Finally, Quantinno Capital Management LP bought a new position in BlackRock Innovation and Growth Term Trust during the second quarter valued at about $1,072,000.

About BlackRock Innovation and Growth Term Trust

BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. Launched in May 2020, the trust is structured with a predetermined termination date and trades on the New York Stock Exchange. As a term trust, BIGZ offers investors exposure to a diversified portfolio of growth-oriented equity and equity-related securities, with the goal of delivering long-term capital appreciation.

The trust pursues its investment objective by focusing on companies that are positioned to benefit from innovation, technological advancements and structural shifts across multiple industries.