BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) VP Stephen Thomas Minar Purchases 878 Shares of Stock

BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) VP Stephen Thomas Minar purchased 878 shares of the stock in a transaction dated Tuesday, February 10th. The stock was acquired at an average cost of $23.15 per share, for a total transaction of $20,325.70. Following the transaction, the vice president owned 8,937 shares of the company’s stock, valued at approximately $206,891.55. This trade represents a 10.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

BlackRock Science and Technology Term Trust Stock Down 1.9%

BSTZ opened at $22.82 on Friday. BlackRock Science and Technology Term Trust has a 12 month low of $15.22 and a 12 month high of $23.47. The company has a 50 day moving average of $22.73 and a 200 day moving average of $22.23.

BlackRock Science and Technology Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a $0.1625 dividend. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 8.5%.

Hedge Funds Weigh In On BlackRock Science and Technology Term Trust

A number of large investors have recently modified their holdings of the company. Lazard Asset Management LLC lifted its stake in BlackRock Science and Technology Term Trust by 100.5% in the 3rd quarter. Lazard Asset Management LLC now owns 682,344 shares of the company’s stock worth $15,121,000 after purchasing an additional 342,054 shares in the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of BlackRock Science and Technology Term Trust by 220.2% in the second quarter. Flagship Harbor Advisors LLC now owns 336,660 shares of the company’s stock worth $6,986,000 after purchasing an additional 231,523 shares during the period. Bank of America Corp DE raised its position in shares of BlackRock Science and Technology Term Trust by 16.8% in the third quarter. Bank of America Corp DE now owns 959,947 shares of the company’s stock worth $21,272,000 after buying an additional 138,030 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of BlackRock Science and Technology Term Trust by 14.6% in the third quarter. Penserra Capital Management LLC now owns 938,709 shares of the company’s stock worth $20,801,000 after buying an additional 119,839 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in BlackRock Science and Technology Term Trust by 937.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 104,436 shares of the company’s stock valued at $2,361,000 after buying an additional 94,371 shares during the period.

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.