Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) were up 1.5% during trading on Friday . The stock traded as high as $9.11 and last traded at $9.06. Approximately 344,910 shares were traded during trading, a decline of 51% from the average daily volume of 702,427 shares. The stock had previously closed at $8.93.
BlackRock Innovation and Growth Term Trust Stock Performance
The stock’s 50 day simple moving average is $8.62 and its two-hundred day simple moving average is $7.90.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the 1st quarter worth $59,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at about $96,000. NewEdge Advisors LLC lifted its stake in shares of BlackRock Innovation and Growth Term Trust by 20.3% in the 1st 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 holdings in shares of 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 purchasing an additional 10,397 shares during the period. Finally, Quantinno Capital Management LP purchased a new stake in shares of BlackRock Innovation and Growth Term Trust during the 2nd quarter worth about $1,072,000.
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.
Further Reading
- Five stocks we like better than BlackRock Innovation and Growth Term Trust
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Receive News & Ratings for BlackRock Innovation and Growth Term Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Innovation and Growth Term Trust and related companies with MarketBeat.com's FREE daily email newsletter.
