BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) Portfolio Manager Tony Kim Acquires 41,825 Shares of Stock

BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) Portfolio Manager Tony Kim bought 41,825 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were acquired at an average cost of $22.00 per share, for a total transaction of $920,150.00. Following the purchase, the portfolio manager owned 251,554 shares of the company’s stock, valued at approximately $5,534,188. The trade was a 19.94% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

BlackRock Science and Technology Term Trust Price Performance

Shares of BSTZ stock opened at $23.09 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 has a 50 day moving average price of $22.69 and a 200 day moving average price of $22.20.

BlackRock Science and Technology Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.1625 per share. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date is Friday, March 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BSTZ. US Bancorp DE lifted its holdings in BlackRock Science and Technology Term Trust by 165.3% during the 3rd quarter. US Bancorp DE now owns 1,804 shares of the company’s stock valued at $40,000 after buying an additional 1,124 shares in the last quarter. Allworth Financial LP increased its position in shares of BlackRock Science and Technology Term Trust by 11,764.7% during the second quarter. Allworth Financial LP now owns 2,017 shares of the company’s stock worth $42,000 after acquiring an additional 2,000 shares during the period. Geneos Wealth Management Inc. bought a new stake in shares of BlackRock Science and Technology Term Trust during the first quarter valued at approximately $40,000. AdvisorNet Financial Inc raised its stake in shares of BlackRock Science and Technology Term Trust by 47.6% during the third quarter. AdvisorNet Financial Inc now owns 3,731 shares of the company’s stock valued at $83,000 after acquiring an additional 1,204 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of BlackRock Science and Technology Term Trust in the second quarter valued at approximately $123,000.

BlackRock Science and Technology Term Trust Company 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.