Focus Financial Network Inc. Increases Stock Position in BlackRock Science and Technology Term Trust $BSTZ

Focus Financial Network Inc. grew its stake in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 19.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,884 shares of the company’s stock after acquiring an additional 3,085 shares during the quarter. Focus Financial Network Inc.’s holdings in BlackRock Science and Technology Term Trust were worth $392,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BSTZ. Sit Investment Associates Inc. purchased a new position in shares of BlackRock Science and Technology Term Trust in the first quarter worth approximately $4,237,000. Wedbush Securities Inc. lifted its holdings in BlackRock Science and Technology Term Trust by 11.0% during the first quarter. Wedbush Securities Inc. now owns 867,485 shares of the company’s stock valued at $15,389,000 after purchasing an additional 86,283 shares in the last quarter. Absolute Investment Advisers LLC lifted its holdings in BlackRock Science and Technology Term Trust by 356.4% during the first quarter. Absolute Investment Advisers LLC now owns 99,992 shares of the company’s stock valued at $1,774,000 after purchasing an additional 78,082 shares in the last quarter. RFG Advisory LLC purchased a new position in BlackRock Science and Technology Term Trust during the first quarter valued at approximately $1,381,000. Finally, Prevail Innovative Wealth Advisors LLC purchased a new position in BlackRock Science and Technology Term Trust during the first quarter valued at approximately $1,011,000.

BlackRock Science and Technology Term Trust Stock Up 0.2%

Shares of NASDAQ:BSTZ opened at $22.24 on Friday. BlackRock Science and Technology Term Trust has a 1-year low of $15.22 and a 1-year high of $22.59. The firm’s 50 day simple moving average is $21.55 and its two-hundred day simple moving average is $19.71.

BlackRock Science and Technology Term Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.1625 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 8.8%.

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.