Compound Planning Inc. Sells 15,624 Shares of BlackRock Science and Technology Trust $BST

Compound Planning Inc. decreased its stake in BlackRock Science and Technology Trust (NYSE:BST) by 57.7% during the 1st quarter, HoldingsChannel reports. The fund owned 11,442 shares of the company’s stock after selling 15,624 shares during the period. Compound Planning Inc.’s holdings in BlackRock Science and Technology Trust were worth $416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Alchemi Wealth LLC acquired a new position in BlackRock Science and Technology Trust during the 4th quarter valued at $4,693,000. Invesco Ltd. grew its position in BlackRock Science and Technology Trust by 21.8% in the 3rd quarter. Invesco Ltd. now owns 526,251 shares of the company’s stock worth $21,766,000 after purchasing an additional 94,036 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in BlackRock Science and Technology Trust by 1,050.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 93,506 shares of the company’s stock worth $3,791,000 after purchasing an additional 85,381 shares during the last quarter. 1607 Capital Partners LLC increased its holdings in shares of BlackRock Science and Technology Trust by 16.1% during the 4th quarter. 1607 Capital Partners LLC now owns 374,713 shares of the company’s stock worth $15,191,000 after purchasing an additional 52,097 shares during the period. Finally, Balyasny Asset Management L.P. bought a new position in shares of BlackRock Science and Technology Trust during the 2nd quarter worth about $1,416,000.

BlackRock Science and Technology Trust Stock Down 1.1%

Shares of BST opened at $44.05 on Thursday. The company has a 50-day simple moving average of $47.49 and a 200-day simple moving average of $42.89. BlackRock Science and Technology Trust has a 52 week low of $34.87 and a 52 week high of $51.30.

BlackRock Science and Technology Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.25 per share. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date is Tuesday, September 15th.

About BlackRock Science and Technology Trust

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.