BlackRock Science and Technology Trust (NYSE:BST) Portfolio Manager Tony Kim Purchases 16,000 Shares

BlackRock Science and Technology Trust (NYSE:BST) Portfolio Manager Tony Kim acquired 16,000 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The stock was acquired at an average price of $40.70 per share, with a total value of $651,200.00. Following the acquisition, the portfolio manager owned 57,514 shares in the company, valued at $2,340,819.80. The trade was a 38.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

BlackRock Science and Technology Trust Trading Up 0.4%

Shares of NYSE:BST opened at $40.97 on Wednesday. BlackRock Science and Technology Trust has a 52 week low of $27.87 and a 52 week high of $44.50. The firm’s fifty day moving average is $40.41 and its 200-day moving average is $40.46.

BlackRock Science and Technology Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.25 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Friday, March 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. lifted its stake in BlackRock Science and Technology Trust by 21.8% in the third quarter. Invesco Ltd. now owns 526,251 shares of the company’s stock valued at $21,766,000 after buying an additional 94,036 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in BlackRock Science and Technology Trust during the 2nd quarter valued at $2,611,000. PMG Family Office LLC acquired a new stake in shares of BlackRock Science and Technology Trust in the 3rd quarter worth about $2,572,000. 1607 Capital Partners LLC lifted its holdings in shares of BlackRock Science and Technology Trust by 13.2% in the third quarter. 1607 Capital Partners LLC now owns 322,616 shares of the company’s stock valued at $13,343,000 after purchasing an additional 37,666 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in BlackRock Science and Technology Trust during the 2nd quarter valued at $1,416,000.

BlackRock Science and Technology Trust Company Profile

BlackRock Science and Technology Trust (NYSE: BST) is a closed-end management investment company that concentrates its investments in the equity securities of companies engaged in science and technology industries. Established in December 2018, the trust seeks to provide shareholders with total return through a combination of capital appreciation and current income. BST primarily targets firms involved in information technology, biotechnology, clean energy, advanced manufacturing, and other technology-driven sectors.

The trust’s investment strategy is rooted in fundamental, bottom-up analysis carried out by a dedicated team of research professionals at BlackRock.