BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Shares Down 2% – Should You Sell?

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)’s stock price fell 2% during mid-day trading on Thursday . The company traded as low as $6.25 and last traded at $6.29. 608,985 shares traded hands 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 Stock Down 2.0%

The company has a 50-day simple moving average of $6.56 and a two-hundred day simple moving average of $6.68.

Institutional Trading of BlackRock Innovation and Growth Term Trust

Several hedge funds have recently bought and sold shares of BIGZ. Newbridge Financial Services Group Inc. acquired a new position in BlackRock Innovation and Growth Term Trust during the 2nd quarter valued at about $51,000. Geneos Wealth Management Inc. bought a new stake in shares of BlackRock Innovation and Growth Term Trust during the first quarter valued at approximately $59,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of BlackRock Innovation and Growth Term Trust during the second quarter valued at approximately $96,000. NewEdge Advisors LLC boosted its position 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 worth $405,000 after buying an additional 8,478 shares during the period. Finally, Dymon Asia Capital Singapore PTE. LTD. acquired a new position in shares of BlackRock Innovation and Growth Term Trust during the second quarter worth 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.