BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Trading 0.7% Higher – Still a Buy?

BlackRock Innovation and Growth Term Trust (NYSE:BIGZGet Free Report)’s stock price rose 0.7% on Friday . The company traded as high as $8.80 and last traded at $8.73. Approximately 312,739 shares changed hands during trading, a decline of 55% from the average daily volume of 702,427 shares. The stock had previously closed at $8.67.

BlackRock Innovation and Growth Term Trust Stock Performance

The company’s 50-day simple moving average is $8.62 and its 200-day simple moving average is $8.14.

About BlackRock Innovation and Growth Term Trust

(Get Free Report)

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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