Rockefeller Capital Management L.P. Raises Stock Position in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ)

Rockefeller Capital Management L.P. raised its stake in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 12.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 84,681 shares of the company’s stock after buying an additional 9,340 shares during the period. Rockefeller Capital Management L.P.’s holdings in BlackRock Science and Technology Term Trust were worth $1,754,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Jane Street Group LLC bought a new stake in BlackRock Science and Technology Term Trust during the third quarter valued at approximately $245,000. Commonwealth Equity Services LLC boosted its stake in shares of BlackRock Science and Technology Term Trust by 28.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 77,184 shares of the company’s stock worth $1,598,000 after acquiring an additional 16,933 shares during the last quarter. Larson Financial Group LLC grew its position in shares of BlackRock Science and Technology Term Trust by 109.3% during the 4th quarter. Larson Financial Group LLC now owns 1,800 shares of the company’s stock valued at $37,000 after acquiring an additional 940 shares during the period. Stablepoint Partners LLC purchased a new stake in shares of BlackRock Science and Technology Term Trust in the 4th quarter worth $223,000. Finally, Wolverine Asset Management LLC bought a new position in BlackRock Science and Technology Term Trust in the 4th quarter worth $385,000.

BlackRock Science and Technology Term Trust Price Performance

NASDAQ:BSTZ opened at $16.70 on Monday. The stock has a 50-day simple moving average of $18.80 and a two-hundred day simple moving average of $20.20. BlackRock Science and Technology Term Trust has a 52-week low of $15.22 and a 52-week high of $22.28.

BlackRock Science and Technology Term Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a $0.2218 dividend. This represents a $2.66 annualized dividend and a yield of 15.94%. The ex-dividend date is Tuesday, April 15th.

Insiders Place Their Bets

In other news, Portfolio Manager Tony Kim bought 27,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $18.57 per share, with a total value of $501,390.00. Following the acquisition, the portfolio manager now owns 193,533 shares of the company’s stock, valued at approximately $3,593,907.81. This represents a 16.21 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

BlackRock Science and Technology Term Trust Company Profile

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.