Janney Montgomery Scott LLC Trims Stake in BlackRock Science and Technology Trust II (NASDAQ:BSTZ)

Janney Montgomery Scott LLC reduced its position in BlackRock Science and Technology Trust II (NASDAQ:BSTZ – Get Rating) by 10.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,042 shares of the company’s stock after selling 9,922 shares during the quarter. Janney Montgomery Scott LLC’s holdings in BlackRock Science and Technology Trust II were worth $1,483,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Selective Wealth Management Inc. purchased a new stake in BlackRock Science and Technology Trust II in the 3rd quarter worth about $26,000. Retirement Group LLC increased its position in shares of BlackRock Science and Technology Trust II by 102.7% during the second quarter. Retirement Group LLC now owns 1,976 shares of the company’s stock worth $39,000 after acquiring an additional 1,001 shares during the period. Covington Capital Management purchased a new position in shares of BlackRock Science and Technology Trust II during the second quarter worth approximately $59,000. Blue Bell Private Wealth Management LLC increased its position in shares of BlackRock Science and Technology Trust II by 21.3% during the second quarter. Blue Bell Private Wealth Management LLC now owns 10,843 shares of the company’s stock worth $212,000 after acquiring an additional 1,902 shares during the period. Finally, B. Riley Wealth Management Inc. increased its position in shares of BlackRock Science and Technology Trust II by 70.4% during the second quarter. B. Riley Wealth Management Inc. now owns 11,905 shares of the company’s stock worth $233,000 after acquiring an additional 4,919 shares during the period.

BlackRock Science and Technology Trust II Stock Up 0.1 %

Shares of NASDAQ:BSTZ opened at $17.01 on Tuesday. The firm’s 50 day simple moving average is $16.72 and its 200-day simple moving average is $18.62. BlackRock Science and Technology Trust II has a one year low of $15.30 and a one year high of $33.39.

BlackRock Science and Technology Trust II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 13th will be paid a dividend of $0.192 per share. The ex-dividend date of this dividend is Thursday, January 12th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 13.54%.

About BlackRock Science and Technology Trust II

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BlackRock Science and Technology Trust II, is a limited-term closed-end equity fund. BSTZ commenced operations in June 2019 with the investment objectives of providing total return and income through a combination of current income, current gains and long-term capital appreciation. Under normal market conditions, the Trust will invest at least 80% of its total assets in equity securities issued by U.S.