Wolverine Asset Management LLC Has $2.56 Million Stake in BlackRock Science and Technology Term Trust $BSTZ

Wolverine Asset Management LLC grew its stake in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 189.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,146 shares of the company’s stock after purchasing an additional 74,005 shares during the period. Wolverine Asset Management LLC’s holdings in BlackRock Science and Technology Term Trust were worth $2,558,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of BlackRock Science and Technology Term Trust by 13.1% during the 2nd 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. Merit Financial Group LLC lifted its holdings in shares of BlackRock Science and Technology Term Trust by 7.6% during the 3rd quarter. Merit Financial Group LLC now owns 11,938 shares of the company’s stock worth $265,000 after acquiring an additional 847 shares during the period. Stablepoint Partners LLC lifted its holdings in shares of BlackRock Science and Technology Term Trust by 8.3% during the 3rd quarter. Stablepoint Partners LLC now owns 12,211 shares of the company’s stock worth $271,000 after acquiring an additional 941 shares during the period. SeaCrest Wealth Management LLC lifted its holdings in shares of BlackRock Science and Technology Term Trust by 4.7% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 23,556 shares of the company’s stock worth $540,000 after acquiring an additional 1,063 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of BlackRock Science and Technology Term Trust by 165.3% during the 3rd quarter. US Bancorp DE now owns 1,804 shares of the company’s stock worth $40,000 after acquiring an additional 1,124 shares during the period.

Insider Transactions at BlackRock Science and Technology Term Trust

In other news, Portfolio Manager Tony Kim purchased 41,825 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was purchased at an average cost of $22.00 per share, with a total value of $920,150.00. Following the acquisition, the portfolio manager directly owned 251,554 shares of the company’s stock, valued at approximately $5,534,188. This trade represents a 19.94% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

BlackRock Science and Technology Term Trust Stock Down 0.0%

NASDAQ:BSTZ opened at $26.97 on Tuesday. BlackRock Science and Technology Term Trust has a 52 week low of $17.98 and a 52 week high of $27.02. The company has a 50-day moving average of $23.08 and a 200-day moving average of $22.67.

BlackRock Science and Technology Term Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.1625 per share. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Science and Technology Term Trust 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.