BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report)’s share price traded up 1.5% during mid-day trading on Friday . The stock traded as high as $9.11 and last traded at $9.06. 344,910 shares traded hands during trading, a decline of 51% from the average session volume of 702,427 shares. The stock had previously closed at $8.93.
BlackRock Innovation and Growth Term Trust Trading Up 1.5%
The business has a fifty day simple moving average of $8.62 and a 200 day simple moving average of $7.90.
Institutional Trading of BlackRock Innovation and Growth Term Trust
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC grew its holdings in shares of BlackRock Innovation and Growth Term Trust by 16.5% during the second quarter. Lazard Asset Management LLC now owns 2,871,719 shares of the company’s stock worth $21,078,000 after buying an additional 406,287 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in BlackRock Innovation and Growth Term Trust during the second quarter worth approximately $1,594,000. Quantinno Capital Management LP purchased a new stake in BlackRock Innovation and Growth Term Trust in the 2nd quarter worth approximately $1,072,000. Ameriprise Financial Inc. grew its stake in BlackRock Innovation and Growth Term Trust by 25.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 454,913 shares of the company’s stock worth $3,339,000 after acquiring an additional 92,726 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new position in BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at $96,000.
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.
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