30,886 Shares in BlackRock Science and Technology Term Trust $BSTZ Purchased by Wealth Effects LLC

Wealth Effects LLC purchased a new position in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 30,886 shares of the company’s stock, valued at approximately $698,000.

Several other institutional investors also recently modified their holdings of the business. Spirepoint Private Client LLC bought a new position in shares of BlackRock Science and Technology Term Trust in the 4th quarter worth about $303,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in BlackRock Science and Technology Term Trust during the 4th quarter valued at about $141,000. Formidable Asset Management LLC increased its stake in BlackRock Science and Technology Term Trust by 3.0% during the 4th quarter. Formidable Asset Management LLC now owns 45,600 shares of the company’s stock valued at $1,010,000 after purchasing an additional 1,342 shares in the last quarter. TrueMark Investments LLC increased its stake in BlackRock Science and Technology Term Trust by 2.5% during the 4th quarter. TrueMark Investments LLC now owns 56,386 shares of the company’s stock valued at $1,275,000 after purchasing an additional 1,386 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in BlackRock Science and Technology Term Trust by 13.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 204,880 shares of the company’s stock valued at $4,698,000 after purchasing an additional 24,439 shares in the last quarter.

BlackRock Science and Technology Term Trust Stock Performance

NASDAQ:BSTZ opened at $24.25 on Thursday. BlackRock Science and Technology Term Trust has a fifty-two week low of $16.12 and a fifty-two week high of $24.36. The firm has a 50-day simple moving average of $22.48 and a two-hundred day simple moving average of $22.44.

BlackRock Science and Technology Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.1625 per share. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date is Monday, June 15th.

Insiders Place Their Bets

In other news, Portfolio Manager Tony Kim acquired 41,825 shares of BlackRock Science and Technology Term Trust stock in a transaction on Thursday, February 5th. The stock was acquired at an average cost of $22.00 per share, for a total transaction of $920,150.00. Following the purchase, the portfolio manager owned 251,554 shares in the company, valued at $5,534,188. This trade represents a 19.94% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

BlackRock Science and Technology Term Trust Company Profile

BlackRock Science and Technology Term Trust (NASDAQ: BSTZ) is a closed-end management investment company that provides targeted exposure to companies engaged in the science and technology sectors. Listed on the NASDAQ stock exchange, the trust seeks to deliver total return composed of capital appreciation and monthly distributions over a defined term. It operates as a term trust, with an anticipated liquidation date in August 2028, at which point shareholders will receive proceeds based on the trust’s net asset value.

The trust’s investment strategy is centered on equity and equity-related securities of companies involved in advancing scientific research, technological innovation and related applications.