BlackRock Science and Technology Trust (NYSE:BST) Shares Break Above 200-Day Moving Average – Time to Sell?

BlackRock Science and Technology Trust (NYSE:BST) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $45.09 and traded as high as $45.65. BlackRock Science and Technology Trust shares last traded at $45.2450, with a volume of 124,433 shares.

BlackRock Science and Technology Trust Price Performance

The company’s fifty day moving average is $48.55 and its 200 day moving average is $45.14.

BlackRock Science and Technology Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a $0.25 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Trading of BlackRock Science and Technology Trust

A number of institutional investors have recently added to or reduced their stakes in the business. 1607 Capital Partners LLC lifted its stake in shares of BlackRock Science and Technology Trust by 25.0% during the second quarter. 1607 Capital Partners LLC now owns 468,610 shares of the company’s stock worth $23,763,000 after purchasing an additional 93,790 shares in the last quarter. Bank of America Corp DE lifted its position in BlackRock Science and Technology Trust by 23.3% during the 1st quarter. Bank of America Corp DE now owns 280,055 shares of the company’s stock worth $10,180,000 after acquiring an additional 52,846 shares in the last quarter. Wedbush Securities Inc. acquired a new position in BlackRock Science and Technology Trust during the 3rd quarter worth approximately $6,102,000. First Trust Advisors LP boosted its holdings in BlackRock Science and Technology Trust by 5.6% in the 1st quarter. First Trust Advisors LP now owns 84,108 shares of the company’s stock worth $3,057,000 after acquiring an additional 4,478 shares during the period. Finally, Wealthspire Retirement LLC boosted its holdings in BlackRock Science and Technology Trust by 6.8% in the 1st quarter. Wealthspire Retirement LLC now owns 65,030 shares of the company’s stock worth $2,364,000 after acquiring an additional 4,156 shares during the period.

About BlackRock Science and Technology Trust

BlackRock Science and Technology Trust (NYSE:BST) is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund focuses on companies involved in the science and technology sectors, including businesses that develop or provide technology products, services, and related infrastructure. The trust primarily invests in equity securities, with an emphasis on common stocks of science and technology companies. It may also use an options-writing strategy, including covered calls, to generate income and manage portfolio exposure.