1607 Capital Partners LLC Acquires 37,666 Shares of BlackRock Science and Technology Trust $BST

1607 Capital Partners LLC lifted its holdings in shares of BlackRock Science and Technology Trust (NYSE:BST) by 13.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 322,616 shares of the company’s stock after purchasing an additional 37,666 shares during the period. BlackRock Science and Technology Trust accounts for 1.0% of 1607 Capital Partners LLC’s holdings, making the stock its 28th biggest holding. 1607 Capital Partners LLC’s holdings in BlackRock Science and Technology Trust were worth $13,343,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BST. Jones Financial Companies Lllp bought a new position in BlackRock Science and Technology Trust during the 3rd quarter worth $26,000. Guerra Advisors Inc bought a new stake in shares of BlackRock Science and Technology Trust in the 3rd quarter valued at about $39,000. AdvisorNet Financial Inc grew its position in shares of BlackRock Science and Technology Trust by 48.6% in the 3rd quarter. AdvisorNet Financial Inc now owns 2,025 shares of the company’s stock valued at $84,000 after buying an additional 662 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of BlackRock Science and Technology Trust by 36.6% in the second quarter. JPMorgan Chase & Co. now owns 3,859 shares of the company’s stock valued at $147,000 after buying an additional 1,033 shares during the period. Finally, Smartleaf Asset Management LLC acquired a new stake in shares of BlackRock Science and Technology Trust in the third quarter valued at about $159,000.

Insider Transactions at BlackRock Science and Technology Trust

In other news, Portfolio Manager Tony Kim purchased 23,645 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were purchased at an average price of $38.90 per share, for a total transaction of $919,790.50. Following the transaction, the portfolio manager owned 81,159 shares of the company’s stock, valued at approximately $3,157,085.10. This trade represents a 41.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

BlackRock Science and Technology Trust Stock Performance

Shares of BST opened at $38.57 on Friday. The business has a 50-day moving average of $40.20 and a 200-day moving average of $40.65. BlackRock Science and Technology Trust has a 1 year low of $27.87 and a 1 year high of $44.50.

BlackRock Science and Technology Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 7.8%.

BlackRock Science and Technology Trust 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.