Lazard Asset Management LLC Has $9.21 Million Holdings in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ)

Lazard Asset Management LLC cut its holdings in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 19.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 444,902 shares of the company’s stock after selling 104,063 shares during the quarter. Lazard Asset Management LLC’s holdings in BlackRock Science and Technology Term Trust were worth $9,213,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BSTZ. Larson Financial Group LLC raised its position in shares of BlackRock Science and Technology Term Trust by 109.3% during the fourth quarter. Larson Financial Group LLC now owns 1,800 shares of the company’s stock worth $37,000 after acquiring an additional 940 shares during the last quarter. Biltmore Family Office LLC bought a new stake in BlackRock Science and Technology Term Trust in the fourth quarter worth approximately $203,000. Stablepoint Partners LLC acquired a new stake in BlackRock Science and Technology Term Trust in the fourth quarter valued at approximately $223,000. SeaCrest Wealth Management LLC purchased a new position in shares of BlackRock Science and Technology Term Trust during the fourth quarter valued at approximately $247,000. Finally, Ameriprise Financial Inc. boosted its position in BlackRock Science and Technology Term Trust by 4.4% in the fourth quarter. Ameriprise Financial Inc. now owns 12,444 shares of the company’s stock worth $258,000 after purchasing an additional 528 shares during the last quarter.

Insiders Place Their Bets

In other BlackRock Science and Technology Term Trust news, Portfolio Manager Tony Kim acquired 27,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $18.57 per share, with a total value of $501,390.00. Following the completion of the transaction, the portfolio manager now owns 193,533 shares in the company, valued at approximately $3,593,907.81. This trade represents a 16.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

BlackRock Science and Technology Term Trust Price Performance

BSTZ stock opened at $19.34 on Thursday. The stock’s fifty day simple moving average is $17.87 and its two-hundred day simple moving average is $20.00. BlackRock Science and Technology Term Trust has a 1-year low of $15.22 and a 1-year high of $22.28.

BlackRock Science and Technology Term Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a $0.2192 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.63 annualized dividend and a yield of 13.60%.

About BlackRock Science and Technology Term Trust

BlackRock Science and Technology Term Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the science and technology sectors.