BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Shares Up 0.6% – Here’s What Happened

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) shares traded up 0.6% during trading on Thursday . The stock traded as high as $6.56 and last traded at $6.50. 708,482 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 702,427 shares. The stock had previously closed at $6.46.

BlackRock Innovation and Growth Term Trust Trading Down 1.1%

The stock has a fifty day moving average of $6.65 and a two-hundred day moving average of $6.74.

Institutional Trading of BlackRock Innovation and Growth Term Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. acquired a new position in BlackRock Innovation and Growth Term Trust during the 2nd quarter worth about $51,000. Geneos Wealth Management Inc. acquired a new position in shares of BlackRock Innovation and Growth Term Trust during the first quarter worth approximately $59,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of BlackRock Innovation and Growth Term Trust during the second quarter worth approximately $96,000. NewEdge Advisors LLC grew its stake in shares of BlackRock Innovation and Growth Term Trust by 20.3% during the first 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. Finally, Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in shares of BlackRock Innovation and Growth Term Trust in the second quarter valued at approximately $563,000.

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.