BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stock Price Up 2.3% – Here’s What Happened

Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) rose 2.3% on Thursday . The company traded as high as $7.63 and last traded at $7.60. Approximately 567,583 shares changed hands during trading, a decline of 19% from the average daily volume of 702,427 shares. The stock had previously closed at $7.43.

BlackRock Innovation and Growth Term Trust Trading Up 2.3%

The business has a fifty day moving average price of $6.69 and a two-hundred day moving average price of $6.71.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. purchased a new position in shares of BlackRock Innovation and Growth Term Trust during the first quarter valued at $59,000. B. Riley Wealth Advisors Inc. purchased a new position in BlackRock Innovation and Growth Term Trust in the second quarter valued at about $96,000. NewEdge Advisors LLC grew its stake 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 valued at $405,000 after purchasing an additional 8,478 shares in the last quarter. Jane Street Group LLC grew its stake in BlackRock Innovation and Growth Term Trust by 13.7% in the second 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 in the last quarter. Finally, Quantinno Capital Management LP purchased a new position in BlackRock Innovation and Growth Term Trust in the second quarter valued at about $1,072,000.

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.