BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Trading Up 0.8% – What’s Next?

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) shares shot up 0.8% on Wednesday . The company traded as high as $6.55 and last traded at $6.53. 937,464 shares traded hands during mid-day trading, an increase of 33% from the average session volume of 702,427 shares. The stock had previously closed at $6.48.

BlackRock Innovation and Growth Term Trust Stock Up 0.8%

The stock has a 50 day moving average price of $6.68 and a 200 day moving average price of $6.83.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at $96,000. Newbridge Financial Services Group Inc. acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the second quarter worth about $51,000. Lazard Asset Management LLC increased its position in shares of BlackRock Innovation and Growth Term Trust by 16.5% in the second 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 in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of BlackRock Innovation and Growth Term Trust during the second quarter valued at approximately $1,594,000. Finally, Ameriprise Financial Inc. raised its stake in BlackRock Innovation and Growth Term Trust by 25.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 454,913 shares of the company’s stock valued at $3,339,000 after purchasing an additional 92,726 shares during the period.

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.