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

BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) announced a monthly dividend on Friday, June 5th. Shareholders of record on Friday, August 14th will be given a dividend of 0.1625 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Friday, August 14th.

BlackRock Science and Technology Term Trust Price Performance

Shares of NASDAQ:BSTZ opened at $29.99 on Wednesday. The firm has a fifty day moving average of $29.39 and a two-hundred day moving average of $26.07. BlackRock Science and Technology Term Trust has a 12-month low of $20.49 and a 12-month high of $31.88.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BSTZ. Fiduciary Financial Group LLC purchased a new stake in shares of BlackRock Science and Technology Term Trust during the 2nd quarter worth about $204,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in BlackRock Science and Technology Term Trust in the second quarter worth approximately $227,000. Focus Financial Network Inc. increased its holdings in BlackRock Science and Technology Term Trust by 11.1% in the second quarter. Focus Financial Network Inc. now owns 23,960 shares of the company’s stock worth $720,000 after buying an additional 2,388 shares during the last quarter. Noble Wealth Management PBC increased its holdings in BlackRock Science and Technology Term Trust by 3,330.4% in the second quarter. Noble Wealth Management PBC now owns 48,025 shares of the company’s stock worth $1,442,000 after buying an additional 46,625 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in BlackRock Science and Technology Term Trust by 5.8% during the first quarter. NewEdge Advisors LLC now owns 30,181 shares of the company’s stock valued at $669,000 after acquiring an additional 1,662 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.