PMG Family Office LLC Makes New $1.31 Million Investment in BlackRock Science and Technology Term Trust $BSTZ

PMG Family Office LLC purchased a new position in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 59,060 shares of the company’s stock, valued at approximately $1,309,000. BlackRock Science and Technology Term Trust accounts for 1.5% of PMG Family Office LLC’s holdings, making the stock its 23rd largest position.

Other institutional investors have also modified their holdings of the company. Amplius Wealth Advisors LLC raised its holdings in shares of BlackRock Science and Technology Term Trust by 2.8% in the 3rd quarter. Amplius Wealth Advisors LLC now owns 17,990 shares of the company’s stock valued at $399,000 after buying an additional 494 shares during the period. Stablepoint Partners LLC grew its position in BlackRock Science and Technology Term Trust by 4.6% in the 2nd quarter. Stablepoint Partners LLC now owns 11,270 shares of the company’s stock valued at $234,000 after acquiring an additional 500 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in BlackRock Science and Technology Term Trust by 13.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,638 shares of the company’s stock valued at $138,000 after acquiring an additional 767 shares in the last quarter. Merit Financial Group LLC increased its stake in BlackRock Science and Technology Term Trust by 7.6% during the third quarter. Merit Financial Group LLC now owns 11,938 shares of the company’s stock worth $265,000 after purchasing an additional 847 shares during the period. Finally, SeaCrest Wealth Management LLC increased its stake in BlackRock Science and Technology Term Trust by 4.7% during the third quarter. SeaCrest Wealth Management LLC now owns 23,556 shares of the company’s stock worth $540,000 after purchasing an additional 1,063 shares during the period.

Insider Transactions at BlackRock Science and Technology Term Trust

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

BlackRock Science and Technology Term Trust Price Performance

Shares of BSTZ opened at $21.79 on Thursday. The company’s 50-day simple moving average is $22.51 and its 200-day simple moving average is $22.38. BlackRock Science and Technology Term Trust has a 1 year low of $15.22 and a 1 year high of $23.47.

BlackRock Science and Technology Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.1625 per share. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend is Monday, June 15th.

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.