Kestra Advisory Services LLC Boosts Position in BlackRock Science and Technology Term Trust $BSTZ

Kestra Advisory Services LLC raised its holdings in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 955.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,537 shares of the company’s stock after acquiring an additional 28,549 shares during the period. Kestra Advisory Services LLC’s holdings in BlackRock Science and Technology Term Trust were worth $699,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. US Bancorp DE lifted its position in 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 purchasing an additional 1,124 shares during the period. Geneos Wealth Management Inc. acquired a new stake in BlackRock Science and Technology Term Trust during the 1st quarter worth about $40,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of BlackRock Science and Technology Term Trust by 13.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,638 shares of the company’s stock valued at $138,000 after buying an additional 767 shares during the last quarter. Activest Wealth Management purchased a new position in shares of BlackRock Science and Technology Term Trust during the 4th quarter valued at about $140,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of BlackRock Science and Technology Term Trust in the 4th quarter valued at about $141,000.

BlackRock Science and Technology Term Trust Stock Performance

Shares of BSTZ opened at $28.73 on Friday. BlackRock Science and Technology Term Trust has a 52 week low of $20.49 and a 52 week high of $31.88. The stock’s 50-day moving average price is $29.44 and its 200-day moving average price is $25.54.

BlackRock Science and Technology Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.1625 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.8%.

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.