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

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

BlackRock Innovation and Growth Term Trust Price Performance

The business has a 50 day simple moving average of $6.69 and a 200 day simple moving average of $6.71.

Institutional Trading of BlackRock Innovation and Growth Term Trust

Several large investors have recently made changes to their positions in BIGZ. NewEdge Advisors LLC boosted its stake 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 worth $405,000 after acquiring an additional 8,478 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in BlackRock Innovation and Growth Term Trust during the 1st quarter valued at approximately $59,000. Quantinno Capital Management LP bought a new stake in BlackRock Innovation and Growth Term Trust during the 2nd quarter valued at approximately $1,072,000. Jane Street Group LLC boosted 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, Ameriprise Financial Inc. boosted its stake in BlackRock Innovation and Growth Term Trust by 25.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 454,913 shares of the company’s stock valued at $3,339,000 after purchasing an additional 92,726 shares during the period.

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.