Bank of America Corp DE Acquires 120,315 Shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ)

Bank of America Corp DE increased its stake in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 21.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 671,643 shares of the company’s stock after acquiring an additional 120,315 shares during the quarter. Bank of America Corp DE’s holdings in BlackRock Science and Technology Term Trust were worth $13,910,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BSTZ. Larson Financial Group LLC increased its stake in BlackRock Science and Technology Term Trust by 109.3% in the fourth quarter. Larson Financial Group LLC now owns 1,800 shares of the company’s stock valued at $37,000 after purchasing an additional 940 shares in the last quarter. Biltmore Family Office LLC bought a new stake in BlackRock Science and Technology Term Trust in the 4th quarter valued at about $203,000. Stablepoint Partners LLC acquired a new position in BlackRock Science and Technology Term Trust during the 4th quarter worth approximately $223,000. Ameriprise Financial Inc. boosted its holdings in BlackRock Science and Technology Term Trust by 4.4% in the fourth quarter. Ameriprise Financial Inc. now owns 12,444 shares of the company’s stock worth $258,000 after acquiring an additional 528 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in BlackRock Science and Technology Term Trust by 18.3% in the fourth quarter. Jane Street Group LLC now owns 15,112 shares of the company’s stock valued at $313,000 after acquiring an additional 2,342 shares during the period.

BlackRock Science and Technology Term Trust Stock Performance

NASDAQ BSTZ opened at $19.06 on Thursday. BlackRock Science and Technology Term Trust has a 52 week low of $15.22 and a 52 week high of $22.28. The business has a 50 day moving average price of $17.93 and a 200-day moving average price of $19.97.

BlackRock Science and Technology Term Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.2192 per share. This represents a $2.63 annualized dividend and a dividend yield of 13.80%. The ex-dividend date of this dividend is Thursday, May 15th.

Insider Buying and Selling

In related news, Portfolio Manager Tony Kim purchased 27,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $18.57 per share, with a total value of $501,390.00. Following the transaction, the portfolio manager now owns 193,533 shares of the company’s stock, valued at $3,593,907.81. This represents a 16.21% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

BlackRock Science and Technology Term Trust 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.