BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stock Price Up 1.5% – What’s Next?

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) shares were up 1.5% during mid-day trading on Friday . The company traded as high as $9.11 and last traded at $9.06. Approximately 344,910 shares traded hands during mid-day 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 Stock Performance

The company has a 50 day moving average price of $8.62 and a 200 day moving average price of $7.90.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. acquired a new stake in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at about $96,000. Lazard Asset Management LLC raised its stake in 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 valued at $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 valued at approximately $1,594,000. Ameriprise Financial Inc. lifted its holdings 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 worth $3,339,000 after buying an additional 92,726 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings 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 worth $635,000 after buying an additional 10,397 shares during the last quarter.

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.