TrueMark Investments LLC Invests $1.22 Million in BlackRock Science and Technology Term Trust $BSTZ

TrueMark Investments LLC acquired a new position in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 55,000 shares of the company’s stock, valued at approximately $1,219,000.

A number of other institutional investors also recently bought and sold shares of BSTZ. Geneos Wealth Management Inc. bought a new stake in shares of BlackRock Science and Technology Term Trust during the 1st quarter valued at about $40,000. Allworth Financial LP boosted its holdings in shares of BlackRock Science and Technology Term Trust by 11,764.7% in the second quarter. Allworth Financial LP now owns 2,017 shares of the company’s stock worth $42,000 after buying an additional 2,000 shares during the last quarter. AdvisorNet Financial Inc grew its position in BlackRock Science and Technology Term Trust by 89.9% during the second quarter. AdvisorNet Financial Inc now owns 2,527 shares of the company’s stock valued at $52,000 after buying an additional 1,196 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in BlackRock Science and Technology Term Trust during the second quarter valued at approximately $123,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in BlackRock Science and Technology Term Trust by 13.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,638 shares of the company’s stock worth $138,000 after acquiring an additional 767 shares during the period.

Insider Buying and Selling

In other news, Director Robert W. Fairbairn sold 9,293 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $22.51, for a total value of $209,185.43. Following the transaction, the director owned 1 shares of the company’s stock, valued at $22.51. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

BlackRock Science and Technology Term Trust Trading Up 0.3%

Shares of BlackRock Science and Technology Term Trust stock opened at $22.66 on Friday. BlackRock Science and Technology Term Trust has a 1-year low of $15.22 and a 1-year high of $23.47. The company’s fifty day simple moving average is $22.46 and its 200-day simple moving average is $22.05.

BlackRock Science and Technology Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.1625 per share. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend is Friday, March 13th.

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.