BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) Plans Monthly Dividend of $0.16

BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) announced a monthly dividend on Friday, June 5th. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.1625 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Wednesday, July 15th.

BlackRock Science and Technology Term Trust Stock Up 0.3%

Shares of BlackRock Science and Technology Term Trust stock opened at $29.56 on Monday. BlackRock Science and Technology Term Trust has a 12 month low of $20.26 and a 12 month high of $31.88. The business has a fifty day simple moving average of $29.29 and a 200-day simple moving average of $25.15.

Institutional Trading of BlackRock Science and Technology Term Trust

A number of hedge funds have recently made changes to their positions in BSTZ. Jane Street Group LLC boosted its holdings in shares of BlackRock Science and Technology Term Trust by 41.8% during the first quarter. Jane Street Group LLC now owns 21,436 shares of the company’s stock worth $380,000 after purchasing an additional 6,324 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of BlackRock Science and Technology Term Trust during the 1st quarter valued at $40,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of BlackRock Science and Technology Term Trust by 13.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,638 shares of the company’s stock worth $138,000 after acquiring an additional 767 shares during the last quarter. Invesco Ltd. raised its holdings in shares of BlackRock Science and Technology Term Trust by 4.2% during the second quarter. Invesco Ltd. now owns 990,482 shares of the company’s stock worth $20,553,000 after acquiring an additional 39,881 shares in the last quarter. Finally, Walleye Capital LLC purchased a new position in BlackRock Science and Technology Term Trust in the second quarter valued at about $430,000.

About BlackRock Science and Technology Term Trust

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.