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

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)’s stock price traded down 3.1% on Friday . The stock traded as low as $8.1050 and last traded at $8.12. Approximately 970,494 shares changed hands during 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 Price Performance

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

Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust

A number of institutional investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. bought a new stake in BlackRock Innovation and Growth Term Trust during the second quarter valued at about $96,000. NewEdge Advisors LLC grew its position in shares of BlackRock Innovation and Growth Term Trust by 14.6% during the second quarter. NewEdge Advisors LLC now owns 57,624 shares of the company’s stock worth $423,000 after purchasing an additional 7,344 shares in the last quarter. Jane Street Group LLC grew its position in shares of BlackRock Innovation and Growth Term Trust by 13.7% during 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 in the last quarter. Lazard Asset Management LLC raised its stake in BlackRock Innovation and Growth Term Trust by 16.5% during the 2nd quarter. Lazard Asset Management LLC now owns 2,871,719 shares of the company’s stock valued at $21,078,000 after purchasing an additional 406,287 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in BlackRock Innovation and Growth Term Trust by 25.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 454,913 shares of the company’s stock worth $3,339,000 after purchasing an additional 92,726 shares in the last quarter.

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.