BlackRock Science and Technology Trust (NYSE:BST) Announces $0.25 Monthly Dividend

BlackRock Science and Technology Trust (NYSE:BST) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.25 per share on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Thursday, October 15th.

BlackRock Science and Technology Trust Price Performance

BST stock opened at $49.56 on Friday. The business’s fifty day moving average is $48.34 and its 200-day moving average is $44.86. BlackRock Science and Technology Trust has a twelve month low of $34.87 and a twelve month high of $51.30.

Institutional Investors Weigh In On BlackRock Science and Technology Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in BlackRock Science and Technology Trust by 0.5% during the first quarter. Royal Bank of Canada now owns 296,826 shares of the company’s stock worth $9,791,000 after buying an additional 1,477 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of BlackRock Science and Technology Trust by 10.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,147 shares of the company’s stock valued at $203,000 after acquiring an additional 600 shares during the last quarter. Jane Street Group LLC raised its position in shares of BlackRock Science and Technology Trust by 183.8% in the 1st quarter. Jane Street Group LLC now owns 20,917 shares of the company’s stock valued at $690,000 after acquiring an additional 13,547 shares during the period. Focus Partners Wealth acquired a new stake in shares of BlackRock Science and Technology Trust in the 1st quarter valued at approximately $211,000. Finally, JPMorgan Chase & Co. boosted its stake in BlackRock Science and Technology Trust by 36.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,859 shares of the company’s stock worth $147,000 after acquiring an additional 1,033 shares during the last quarter.

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.