BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Trading 4% Higher – Here’s What Happened

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)’s share price rose 4% during trading on Friday . The company traded as high as $9.22 and last traded at $9.08. 1,100,807 shares traded hands during trading, an increase of 57% from the average daily volume of 702,427 shares. The stock had previously closed at $8.73.

BlackRock Innovation and Growth Term Trust Price Performance

The firm has a 50 day moving average of $8.56 and a two-hundred day moving average of $7.32.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. bought a new stake in shares of BlackRock Innovation and Growth Term Trust during the 1st quarter valued at approximately $59,000. NewEdge Advisors LLC lifted its stake in BlackRock Innovation and Growth Term Trust by 14.6% in the 2nd quarter. NewEdge Advisors LLC now owns 57,624 shares of the company’s stock valued at $423,000 after purchasing an additional 7,344 shares during the last quarter. Jane Street Group LLC boosted its position 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 buying an additional 10,397 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in BlackRock Innovation and Growth Term Trust in the second quarter valued at approximately $96,000. Finally, Ameriprise Financial Inc. grew its stake in shares of 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 buying an additional 92,726 shares during 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.