BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report)’s share price was down 1.3% during trading on Friday . The stock traded as low as $8.37 and last traded at $8.41. 420,190 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 702,427 shares. The stock had previously closed at $8.52.
BlackRock Innovation and Growth Term Trust Stock Performance
The business’s 50 day moving average price is $8.68 and its 200 day moving average price is $7.67.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of BIGZ. NewEdge Advisors LLC grew its position in shares of 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 acquiring an additional 8,478 shares during the period. Geneos Wealth Management Inc. acquired a new position in BlackRock Innovation and Growth Term Trust in the 1st quarter worth about $59,000. Quantinno Capital Management LP acquired a new position in BlackRock Innovation and Growth Term Trust in the 2nd quarter worth about $1,072,000. Jane Street Group LLC boosted its position in BlackRock Innovation and Growth Term Trust by 13.7% during the second quarter. Jane Street Group LLC now owns 86,506 shares of the company’s stock worth $635,000 after purchasing an additional 10,397 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in BlackRock Innovation and Growth Term Trust by 25.6% during the second quarter. Ameriprise Financial Inc. now owns 454,913 shares of the company’s stock worth $3,339,000 after purchasing an additional 92,726 shares in the last quarter.
BlackRock Innovation and Growth Term Trust Company Profile
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.
Further Reading
- Five stocks we like better than BlackRock Innovation and Growth Term Trust
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Receive News & Ratings for BlackRock Innovation and Growth Term Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Innovation and Growth Term Trust and related companies with MarketBeat.com's FREE daily email newsletter.
