Northwestern Mutual Wealth Management Co. Acquires 85,381 Shares of BlackRock Science and Technology Trust $BST

Northwestern Mutual Wealth Management Co. increased its holdings in shares of BlackRock Science and Technology Trust (NYSE:BST) by 1,050.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,506 shares of the company’s stock after purchasing an additional 85,381 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in BlackRock Science and Technology Trust were worth $3,791,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BST. Jones Financial Companies Lllp bought a new position in shares of BlackRock Science and Technology Trust during the 3rd quarter valued at about $26,000. Guerra Advisors Inc bought a new position in shares of BlackRock Science and Technology Trust during the 3rd quarter valued at about $39,000. Advisory Services Network LLC bought a new stake in BlackRock Science and Technology Trust in the 3rd quarter valued at approximately $121,000. JPMorgan Chase & Co. lifted its stake in BlackRock Science and Technology Trust by 36.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,859 shares of the company’s stock valued at $147,000 after acquiring an additional 1,033 shares in the last quarter. Finally, Smartleaf Asset Management LLC bought a new stake in BlackRock Science and Technology Trust in the 3rd quarter valued at approximately $159,000.

BlackRock Science and Technology Trust Stock Performance

NYSE BST opened at $46.52 on Monday. The stock’s 50 day moving average price is $40.77 and its two-hundred day moving average price is $40.49. BlackRock Science and Technology Trust has a 52 week low of $34.87 and a 52 week high of $46.73.

BlackRock Science and Technology Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.25 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 6.4%.

BlackRock Science and Technology Trust 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.