BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) traded down 1.3% during mid-day trading on Friday . The company traded as low as $8.37 and last traded at $8.41. 420,190 shares changed hands during trading, a decline of 40% from the average daily volume of 702,427 shares. The stock had previously closed at $8.52.
BlackRock Innovation and Growth Term Trust Stock Up 2.0%
The business’s 50 day moving average price is $8.68 and its 200 day moving average price is $7.67.
Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust
A number of large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its stake in 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 valued at $405,000 after buying an additional 8,478 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the 1st quarter worth $59,000. Quantinno Capital Management LP bought a new stake in shares of BlackRock Innovation and Growth Term Trust in the second quarter worth $1,072,000. Jane Street Group LLC grew its holdings in shares of 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 worth $635,000 after acquiring an additional 10,397 shares during the period. Finally, Ameriprise Financial Inc. increased its position in 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 valued at $3,339,000 after acquiring 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.
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