BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stock Price Up 1.5% – Here’s Why

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) shares were up 1.5% during trading on Monday . The company traded as high as $6.70 and last traded at $6.69. Approximately 961,048 shares were traded during mid-day trading, an increase of 37% from the average daily volume of 702,427 shares. The stock had previously closed at $6.59.

BlackRock Innovation and Growth Term Trust Stock Performance

The business has a 50 day moving average of $6.72 and a 200 day moving average of $6.95.

Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust

Large investors have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. bought a new position in shares of BlackRock Innovation and Growth Term Trust during the second quarter worth about $51,000. Ameritas Advisory Services LLC bought a new position in BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at about $54,000. Geneos Wealth Management Inc. bought a new position in BlackRock Innovation and Growth Term Trust during the 1st quarter worth $59,000. Plancorp LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust during the first quarter worth approximately $81,000. Finally, Precedent Wealth Partners LLC acquired a new position in BlackRock Innovation and Growth Term Trust in the second quarter valued at about $80,000.

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.