Kestra Advisory Services LLC Boosts Stake in BlackRock Science and Technology Term Trust $BSTZ

Kestra Advisory Services LLC raised its stake in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 955.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,537 shares of the company’s stock after acquiring an additional 28,549 shares during the quarter. Kestra Advisory Services LLC’s holdings in BlackRock Science and Technology Term Trust were worth $699,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Kathmere Capital Management LLC purchased a new stake in shares of BlackRock Science and Technology Term Trust during the 1st quarter worth $206,000. World Investment Advisors purchased a new position in BlackRock Science and Technology Term Trust in the first quarter valued at about $287,000. Apollon Wealth Management LLC bought a new position in BlackRock Science and Technology Term Trust in the first quarter worth about $915,000. Formidable Asset Management LLC raised its holdings in BlackRock Science and Technology Term Trust by 6.4% in the first quarter. Formidable Asset Management LLC now owns 48,531 shares of the company’s stock worth $1,097,000 after purchasing an additional 2,931 shares in the last quarter. Finally, Absolute Investment Advisers LLC purchased a new stake in shares of BlackRock Science and Technology Term Trust during the first quarter valued at about $3,041,000.

BlackRock Science and Technology Term Trust Stock Performance

NASDAQ:BSTZ opened at $28.73 on Friday. BlackRock Science and Technology Term Trust has a fifty-two week low of $20.49 and a fifty-two week high of $31.88. The company’s 50-day simple moving average is $29.44 and its 200-day simple moving average is $25.54.

BlackRock Science and Technology Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.1625 per share. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Tuesday, September 15th.

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.