Insider Buying: BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) Portfolio Manager Buys $920,150.00 in Stock

BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) Portfolio Manager Tony Kim bought 41,825 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were acquired at an average cost of $22.00 per share, for a total transaction of $920,150.00. Following the purchase, the portfolio manager directly owned 251,554 shares in the company, valued at $5,534,188. This trade represents a 19.94% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

BlackRock Science and Technology Term Trust Price Performance

BSTZ opened at $23.28 on Thursday. The firm has a 50-day simple moving average of $22.73 and a two-hundred day simple moving average of $22.22. BlackRock Science and Technology Term Trust has a 52 week low of $15.22 and a 52 week high of $23.47.

BlackRock Science and Technology Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a $0.1625 dividend. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Investors Weigh In On BlackRock Science and Technology Term Trust

Large investors have recently added to or reduced their stakes in the stock. US Bancorp DE raised its stake in shares of BlackRock Science and Technology Term Trust by 165.3% during the third quarter. US Bancorp DE now owns 1,804 shares of the company’s stock valued at $40,000 after acquiring an additional 1,124 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in BlackRock Science and Technology Term Trust during the 1st quarter valued at $40,000. Allworth Financial LP lifted its holdings in shares of BlackRock Science and Technology Term Trust by 11,764.7% in the 2nd quarter. Allworth Financial LP now owns 2,017 shares of the company’s stock worth $42,000 after buying an additional 2,000 shares during the period. AdvisorNet Financial Inc grew its position in shares of BlackRock Science and Technology Term Trust by 47.6% during the 3rd quarter. AdvisorNet Financial Inc now owns 3,731 shares of the company’s stock worth $83,000 after buying an additional 1,204 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of BlackRock Science and Technology Term Trust during the second quarter valued at $123,000.

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.