BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) shares fell 3.1% on Friday . The company traded as low as $8.1050 and last traded at $8.12. Approximately 970,494 shares were traded during mid-day trading, an increase of 38% from the average daily volume of 702,427 shares. The stock had previously closed at $8.38.
BlackRock Innovation and Growth Term Trust Stock Performance
The company has a fifty day simple moving average of $8.82 and a 200-day simple moving average of $7.52.
Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust
A number of large investors have recently made changes to their positions in BIGZ. Geneos Wealth Management Inc. purchased a new stake in shares of BlackRock Innovation and Growth Term Trust in the 1st quarter valued at approximately $59,000. B. Riley Wealth Advisors Inc. purchased a new position in BlackRock Innovation and Growth Term Trust during the 2nd quarter worth approximately $96,000. NewEdge Advisors LLC raised its stake in BlackRock Innovation and Growth Term Trust by 20.3% during the 1st quarter. NewEdge Advisors LLC now owns 50,280 shares of the company’s stock valued at $405,000 after purchasing an additional 8,478 shares during the period. Jane Street Group LLC raised its stake in BlackRock Innovation and Growth Term Trust by 13.7% during the 2nd quarter. Jane Street Group LLC now owns 86,506 shares of the company’s stock valued at $635,000 after purchasing an additional 10,397 shares during the period. Finally, Quantinno Capital Management LP acquired a new stake in BlackRock Innovation and Growth Term Trust during the 2nd quarter valued at $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.
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