Penserra Capital Management LLC Purchases 119,839 Shares of BlackRock Science and Technology Term Trust $BSTZ

Penserra Capital Management LLC increased its position in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 14.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 938,709 shares of the company’s stock after buying an additional 119,839 shares during the period. Penserra Capital Management LLC’s holdings in BlackRock Science and Technology Term Trust were worth $20,801,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Amplius Wealth Advisors LLC grew its holdings in BlackRock Science and Technology Term Trust by 2.8% during the 3rd quarter. Amplius Wealth Advisors LLC now owns 17,990 shares of the company’s stock worth $399,000 after acquiring an additional 494 shares during the period. Stablepoint Partners LLC grew its stake in BlackRock Science and Technology Term Trust by 4.6% during the second quarter. Stablepoint Partners LLC now owns 11,270 shares of the company’s stock worth $234,000 after purchasing an additional 500 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings 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 purchasing an additional 767 shares in the last quarter. Merit Financial Group LLC lifted its stake in BlackRock Science and Technology Term Trust by 7.6% in the third quarter. Merit Financial Group LLC now owns 11,938 shares of the company’s stock valued at $265,000 after buying an additional 847 shares during the period. Finally, HBK Investments L P lifted its stake in BlackRock Science and Technology Term Trust by 2.2% in the second quarter. HBK Investments L P now owns 52,222 shares of the company’s stock valued at $1,084,000 after buying an additional 1,103 shares during the period.

BlackRock Science and Technology Term Trust Stock Down 1.5%

Shares of BSTZ stock opened at $21.98 on Thursday. The firm has a 50 day moving average of $22.66 and a 200-day moving average of $22.17. BlackRock Science and Technology Term Trust has a 52 week low of $15.22 and a 52 week high of $23.47.

BlackRock Science and Technology Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.1625 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 8.9%.

Insider Activity

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 completion of the sale, the director directly owned 1 shares in the company, valued at $22.51. This trade represents a 99.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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.