BlackRock Science and Technology Term Trust $BSTZ is Saba Capital Management L.P.’s 6th Largest Position

Saba Capital Management L.P. raised its holdings in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 21.4% during the first quarter, Holdings Channel reports. The fund owned 5,531,595 shares of the company’s stock after buying an additional 974,104 shares during the period. BlackRock Science and Technology Term Trust comprises about 3.4% of Saba Capital Management L.P.’s investment portfolio, making the stock its 6th biggest position. Saba Capital Management L.P.’s holdings in BlackRock Science and Technology Term Trust were worth $122,525,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. bought a new stake in shares of BlackRock Science and Technology Term Trust in the 1st quarter worth approximately $40,000. US Bancorp DE boosted its stake in shares of BlackRock Science and Technology Term Trust by 165.3% in the 3rd quarter. US Bancorp DE now owns 1,804 shares of the company’s stock valued at $40,000 after purchasing an additional 1,124 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of BlackRock Science and Technology Term Trust during the 1st quarter valued at $57,000. Kestra Advisory Services LLC bought a new position in shares of BlackRock Science and Technology Term Trust during the 4th quarter valued at $68,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in BlackRock Science and Technology Term Trust by 13.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,638 shares of the company’s stock worth $138,000 after purchasing an additional 767 shares during the period.

BlackRock Science and Technology Term Trust Price Performance

BlackRock Science and Technology Term Trust stock opened at $28.18 on Tuesday. The firm has a fifty day simple moving average of $29.46 and a two-hundred day simple moving average of $25.59. BlackRock Science and Technology Term Trust has a twelve month low of $20.49 and a twelve month high of $31.88.

BlackRock Science and Technology Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.1625 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.