BlackRock Science and Technology Trust (NYSE:BST) Shares Pass Below 50-Day Moving Average – What’s Next?

BlackRock Science and Technology Trust (NYSE:BST) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $47.49 and traded as low as $44.00. BlackRock Science and Technology Trust shares last traded at $44.05, with a volume of 118,953 shares changing hands.

BlackRock Science and Technology Trust Trading Down 1.1%

The firm has a 50-day moving average of $47.49 and a 200-day moving average of $42.89.

BlackRock Science and Technology Trust Dividend Announcement

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

Institutional Investors Weigh In On BlackRock Science and Technology Trust

Several institutional investors have recently added to or reduced their stakes in BST. Ascentis Independent Advisors purchased a new position in shares of BlackRock Science and Technology Trust in the first quarter valued at about $38,000. Fifth Third Bancorp purchased a new position in BlackRock Science and Technology Trust during the 1st quarter valued at about $78,000. Advisory Services Network LLC bought a new position in BlackRock Science and Technology Trust during the 3rd quarter valued at approximately $121,000. JPMorgan Chase & Co. raised its position 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 valued at $147,000 after purchasing an additional 1,033 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in BlackRock Science and Technology Trust by 9.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,254 shares of the company’s stock worth $171,000 after buying an additional 380 shares during the period.

BlackRock Science and Technology Trust Company Profile

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.