Stephen Thomas Minar Purchases 878 Shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) Stock

BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) VP Stephen Thomas Minar bought 878 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were bought at an average cost of $23.15 per share, with a total value of $20,325.70. Following the purchase, the vice president directly owned 8,937 shares in the company, valued at approximately $206,891.55. This trade represents a 10.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

BlackRock Science and Technology Term Trust Stock Down 0.3%

NASDAQ BSTZ opened at $22.77 on Friday. BlackRock Science and Technology Term Trust has a 1-year low of $15.22 and a 1-year high of $23.47. The firm’s fifty day simple moving average is $22.73 and its 200-day simple moving average is $22.24.

BlackRock Science and Technology Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a $0.1625 dividend. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend is Friday, March 13th.

Hedge Funds Weigh In On BlackRock Science and Technology Term Trust

Hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new position in BlackRock Science and Technology Term Trust during the fourth quarter valued at approximately $68,000. Thomas J. Herzfeld Advisors Inc. raised its holdings in shares of BlackRock Science and Technology Term Trust by 2.6% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 215,176 shares of the company’s stock valued at $4,865,000 after purchasing an additional 5,465 shares in the last quarter. Advocate Investing Services LLC bought a new position in shares of BlackRock Science and Technology Term Trust during the 4th quarter valued at $233,000. Jane Street Group LLC lifted its stake in shares of BlackRock Science and Technology Term Trust by 83.7% in the 4th quarter. Jane Street Group LLC now owns 24,314 shares of the company’s stock valued at $550,000 after purchasing an additional 11,079 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in BlackRock Science and Technology Term Trust by 0.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 154,463 shares of the company’s stock worth $3,492,000 after purchasing an additional 993 shares in the last quarter.

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.