BlackRock Science and Technology Term Trust (BSTZ) to Issue Monthly Dividend of $0.16 on September 30th

BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) announced a monthly dividend on Friday, June 5th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.1625 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Tuesday, September 15th.

BlackRock Science and Technology Term Trust Trading Up 0.8%

BlackRock Science and Technology Term Trust stock opened at $31.02 on Friday. The stock has a fifty day moving average price of $29.80 and a two-hundred day moving average price of $27.37. BlackRock Science and Technology Term Trust has a 52-week low of $20.69 and a 52-week high of $31.89.

Institutional Investors Weigh In On BlackRock Science and Technology Term Trust

Several large investors have recently made changes to their positions in the company. Sunbelt Securities Inc. raised its position in shares of BlackRock Science and Technology Term Trust by 12.2% during the 1st quarter. Sunbelt Securities Inc. now owns 6,847 shares of the company’s stock valued at $152,000 after acquiring an additional 747 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of BlackRock Science and Technology Term Trust by 13.1% in the 2nd 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 during the last quarter. Evolve Private Wealth LLC boosted its position in shares of BlackRock Science and Technology Term Trust by 1.4% in the 1st quarter. Evolve Private Wealth LLC now owns 58,259 shares of the company’s stock worth $1,290,000 after purchasing an additional 793 shares during the last quarter. Merit Financial Group LLC boosted its position in shares of BlackRock Science and Technology Term Trust by 7.6% in the 3rd quarter. Merit Financial Group LLC now owns 11,938 shares of the company’s stock worth $265,000 after purchasing an additional 847 shares during the last quarter. Finally, PMG Family Office LLC grew its stake in shares of BlackRock Science and Technology Term Trust by 1.8% during the first quarter. PMG Family Office LLC now owns 57,207 shares of the company’s stock worth $1,267,000 after purchasing an additional 990 shares during the period.

BlackRock Science and Technology Term Trust Company Profile

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.