BlackRock Science and Technology Term Trust (NASDAQ:BSTZ – Get Free Report) announced a monthly dividend on Friday, February 27th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.1625 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Friday, May 15th.
BlackRock Science and Technology Term Trust Stock Down 2.7%
Shares of BSTZ opened at $27.70 on Wednesday. The firm’s 50-day moving average price is $23.67 and its 200-day moving average price is $22.94. BlackRock Science and Technology Term Trust has a 1-year low of $18.67 and a 1-year high of $28.63.
Institutional Investors Weigh In On BlackRock Science and Technology Term Trust
Large investors have recently modified their holdings of the stock. Formidable Asset Management LLC boosted its stake in shares of BlackRock Science and Technology Term Trust by 109.0% during the 3rd quarter. Formidable Asset Management LLC now owns 44,258 shares of the company’s stock valued at $918,000 after purchasing an additional 23,077 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of BlackRock Science and Technology Term Trust by 14.6% during the 3rd quarter. Penserra Capital Management LLC now owns 938,709 shares of the company’s stock valued at $20,801,000 after purchasing an additional 119,839 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in shares of BlackRock Science and Technology Term Trust by 189.1% during the 4th quarter. Wolverine Asset Management LLC now owns 113,146 shares of the company’s stock valued at $2,558,000 after purchasing an additional 74,005 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of 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. Finally, PMG Family Office LLC bought a new stake in shares of BlackRock Science and Technology Term Trust during the 3rd quarter valued at about $1,309,000.
About BlackRock Science and Technology Term Trust
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.
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