BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stock Price Down 3.1% – Here’s What Happened

Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) dropped 3.1% during trading on Friday . The stock traded as low as $8.1050 and last traded at $8.12. Approximately 970,494 shares changed hands during mid-day trading, an increase of 38% from the average session volume of 702,427 shares. The stock had previously closed at $8.38.

BlackRock Innovation and Growth Term Trust Stock Performance

The company’s 50 day moving average is $8.82 and its two-hundred day moving average is $7.52.

Institutional Trading of BlackRock Innovation and Growth Term Trust

Large investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the first quarter valued at $59,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at approximately $96,000. NewEdge Advisors LLC increased its position in shares of 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 purchasing an additional 8,478 shares during the last quarter. Jane Street Group LLC raised 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 valued at $635,000 after buying an additional 10,397 shares during the period. Finally, Quantinno Capital Management LP bought a new stake in BlackRock Innovation and Growth Term Trust in the second quarter worth $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.