Allspring Global Investments Holdings LLC Sells 127,514 Shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ)

Allspring Global Investments Holdings LLC lowered its position in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 66.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,854 shares of the company’s stock after selling 127,514 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in BlackRock Science and Technology Term Trust were worth $1,084,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC boosted its position in BlackRock Science and Technology Term Trust by 1,575.9% during the 4th quarter. International Assets Investment Management LLC now owns 212,859 shares of the company’s stock valued at $35,570,000 after acquiring an additional 200,158 shares in the last quarter. AQR Arbitrage LLC boosted its position in BlackRock Science and Technology Term Trust by 157.6% during the 3rd quarter. AQR Arbitrage LLC now owns 251,902 shares of the company’s stock valued at $4,156,000 after acquiring an additional 154,114 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in BlackRock Science and Technology Term Trust by 2.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 469,320 shares of the company’s stock valued at $7,842,000 after acquiring an additional 9,321 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in BlackRock Science and Technology Term Trust by 3.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 46,281 shares of the company’s stock valued at $764,000 after acquiring an additional 1,375 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC bought a new stake in BlackRock Science and Technology Term Trust during the 4th quarter valued at $28,000.

BlackRock Science and Technology Term Trust Stock Up 0.8 %

Shares of NASDAQ BSTZ opened at $17.30 on Wednesday. The stock’s fifty day simple moving average is $18.61 and its two-hundred day simple moving average is $17.25. BlackRock Science and Technology Term Trust has a 12-month low of $14.11 and a 12-month high of $19.47.

BlackRock Science and Technology Term Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.1045 per share. This represents a $1.25 annualized dividend and a dividend yield of 7.25%. The ex-dividend date is Friday, April 12th. This is a positive change from BlackRock Science and Technology Term Trust’s previous monthly dividend of $0.10.

About BlackRock Science and Technology Term Trust

BlackRock Science and Technology Term Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the science and technology sectors.