BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) Shares Climb 0.6% – Still a Buy?

BlackRock Science and Technology Term Trust (NASDAQ:BSTZ)’s stock price rose 0.6% on Monday. The stock traded as high as $31.16 and last traded at $31.07. Approximately 104,361 shares traded hands during trading, a decline of 53% from the average daily volume of 223,436 shares. The stock had previously closed at $30.88.

BlackRock Science and Technology Term Trust Trading Down 0.9%

The business’s 50-day simple moving average is $30.17 and its 200-day simple moving average is $28.32.

BlackRock Science and Technology Term Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be issued a $0.1625 dividend. This represents a $1.95 annualized dividend and a yield of 6.3%. The ex-dividend date is Friday, December 11th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new stake in BlackRock Science and Technology Term Trust in the second quarter valued at about $73,000. RFG Advisory LLC boosted its holdings in BlackRock Science and Technology Term Trust by 1.5% during the second quarter. RFG Advisory LLC now owns 97,792 shares of the company’s stock worth $2,937,000 after buying an additional 1,488 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in BlackRock Science and Technology Term Trust by 27.2% during the second quarter. NewEdge Advisors LLC now owns 38,384 shares of the company’s stock worth $1,153,000 after buying an additional 8,203 shares during the last quarter. Wedbush Securities Inc. grew its position in shares of BlackRock Science and Technology Term Trust by 30.3% during the 2nd quarter. Wedbush Securities Inc. now owns 856,178 shares of the company’s stock worth $27,620,000 after buying an additional 199,091 shares during the period. Finally, Fiduciary Financial Group LLC acquired a new position in shares of BlackRock Science and Technology Term Trust during the 2nd quarter worth about $204,000.

About BlackRock Science and Technology Term Trust

BlackRock Science and Technology Term Trust (NASDAQ: BSTZ) is a closed-end investment company managed by BlackRock Advisors, LLC. The trust seeks to provide investors with total return through a combination of current income and capital appreciation.

BSTZ invests primarily in equity and debt securities issued by companies involved in the science and technology sectors. Its portfolio may include businesses across areas such as software, semiconductors, hardware, communications, media, biotechnology and other technology-related industries.