BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Shares Down 2% – Here’s What Happened

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) shares traded down 2% during trading on Thursday . The company traded as low as $6.25 and last traded at $6.29. 608,985 shares were traded during trading, a decline of 13% from the average session volume of 702,427 shares. The stock had previously closed at $6.42.

BlackRock Innovation and Growth Term Trust Trading Down 2.0%

The business’s 50 day moving average is $6.56 and its two-hundred day moving average is $6.68.

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 BIGZ. Lazard Asset Management LLC lifted its stake in shares of BlackRock Innovation and Growth Term Trust by 16.5% in the 2nd quarter. Lazard Asset Management LLC now owns 2,871,719 shares of the company’s stock worth $21,078,000 after acquiring an additional 406,287 shares during the period. Ameriprise Financial Inc. increased its stake in shares of 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 period. Balyasny Asset Management L.P. bought a new stake in BlackRock Innovation and Growth Term Trust during the second quarter worth approximately $1,594,000. Quantinno Capital Management LP acquired a new stake in BlackRock Innovation and Growth Term Trust in the second quarter worth approximately $1,072,000. Finally, Jane Street Group LLC lifted its position in 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 purchasing an additional 10,397 shares during the period.

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.