BlackRock Science and Technology Term Trust (NASDAQ:BSTZ – Get Free Report) declared a monthly dividend on Thursday, September 10th. Shareholders of record on Friday, December 11th will be paid a dividend of 0.1625 per share on Tuesday, December 22nd. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Friday, December 11th.
BlackRock Science and Technology Term Trust Trading Down 2.3%
NASDAQ:BSTZ opened at $30.76 on Friday. BlackRock Science and Technology Term Trust has a fifty-two week low of $20.69 and a fifty-two week high of $31.89. The stock has a fifty day moving average price of $29.77 and a 200-day moving average price of $27.34.
Hedge Funds Weigh In On BlackRock Science and Technology Term Trust
Hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC increased its position in BlackRock Science and Technology Term Trust by 23.6% during the 4th quarter. HighTower Advisors LLC now owns 95,298 shares of the company’s stock worth $2,155,000 after purchasing an additional 18,219 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its position in BlackRock Science and Technology Term Trust by 15.6% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 147,913 shares of the company’s stock valued at $3,344,000 after buying an additional 19,978 shares in the last quarter. Quantedge Capital Pte Ltd grew its stake in shares of BlackRock Science and Technology Term Trust by 113.7% during the first quarter. Quantedge Capital Pte Ltd now owns 40,600 shares of the company’s stock worth $899,000 after buying an additional 21,600 shares during the last quarter. Noble Wealth Management PBC increased its holdings in shares of BlackRock Science and Technology Term Trust by 3,330.4% during the second quarter. Noble Wealth Management PBC now owns 48,025 shares of the company’s stock worth $1,442,000 after buying an additional 46,625 shares in the last quarter. Finally, Saba Capital Management L.P. increased its holdings in shares of BlackRock Science and Technology Term Trust by 21.4% during the first quarter. Saba Capital Management L.P. now owns 5,531,595 shares of the company’s stock worth $122,525,000 after buying an additional 974,104 shares in the last quarter.
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.
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