BlackRock Science and Technology Term Trust $BSTZ Shares Acquired by Formidable Asset Management LLC

Formidable Asset Management LLC increased its stake in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 109.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,258 shares of the company’s stock after purchasing an additional 23,077 shares during the quarter. Formidable Asset Management LLC’s holdings in BlackRock Science and Technology Term Trust were worth $918,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truist Financial Corp raised its position in shares of BlackRock Science and Technology Term Trust by 5.2% in the second quarter. Truist Financial Corp now owns 68,823 shares of the company’s stock valued at $1,428,000 after buying an additional 3,429 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in BlackRock Science and Technology Term Trust by 6.8% during the second quarter. Janney Montgomery Scott LLC now owns 49,271 shares of the company’s stock worth $1,022,000 after acquiring an additional 3,135 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in BlackRock Science and Technology Term Trust in the 2nd quarter worth approximately $540,000. RFG Advisory LLC raised its holdings in BlackRock Science and Technology Term Trust by 18.2% in the 2nd quarter. RFG Advisory LLC now owns 92,039 shares of the company’s stock valued at $1,910,000 after acquiring an additional 14,176 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised its holdings in BlackRock Science and Technology Term Trust by 163.5% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,465 shares of the company’s stock valued at $30,000 after acquiring an additional 909 shares during the last quarter.

BlackRock Science and Technology Term Trust Stock Performance

BSTZ stock opened at $22.86 on Tuesday. BlackRock Science and Technology Term Trust has a 52-week low of $15.22 and a 52-week high of $23.47. The stock’s fifty day simple moving average is $22.44 and its 200-day simple moving average is $22.01.

BlackRock Science and Technology Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $0.1625 dividend. This represents a c) dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend is Friday, March 13th.

Insider Transactions at BlackRock Science and Technology Term Trust

In other BlackRock Science and Technology Term Trust news, Director Robert W. Fairbairn sold 9,293 shares of BlackRock Science and Technology Term Trust stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $22.51, for a total value of $209,185.43. Following the completion of the sale, the director owned 1 shares in the company, valued at $22.51. The trade was a 99.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

BlackRock Science and Technology Term Trust Profile

BlackRock Science and Technology Term Trust (NASDAQ: BSTZ) is a closed-end management investment company that provides targeted exposure to companies engaged in the science and technology sectors. Listed on the NASDAQ stock exchange, the trust seeks to deliver total return composed of capital appreciation and monthly distributions over a defined term. It operates as a term trust, with an anticipated liquidation date in August 2028, at which point shareholders will receive proceeds based on the trust’s net asset value.

The trust’s investment strategy is centered on equity and equity-related securities of companies involved in advancing scientific research, technological innovation and related applications.