HighTower Advisors LLC Boosts Stock Position in BlackRock Science and Technology Term Trust $BSTZ

HighTower Advisors LLC raised its stake in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 23.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,298 shares of the company’s stock after purchasing an additional 18,219 shares during the period. HighTower Advisors LLC’s holdings in BlackRock Science and Technology Term Trust were worth $2,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BSTZ. Lazard Asset Management LLC grew its stake in BlackRock Science and Technology Term Trust by 100.5% in the third quarter. Lazard Asset Management LLC now owns 682,344 shares of the company’s stock valued at $15,121,000 after purchasing an additional 342,054 shares during the last quarter. Bank of America Corp DE grew its stake in BlackRock Science and Technology Term Trust by 16.8% in the third quarter. Bank of America Corp DE now owns 959,947 shares of the company’s stock valued at $21,272,000 after purchasing an additional 138,030 shares during the last quarter. Penserra Capital Management LLC grew its stake in BlackRock Science and Technology Term Trust by 14.6% in the third quarter. Penserra Capital Management LLC now owns 938,709 shares of the company’s stock valued at $20,801,000 after purchasing an additional 119,839 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in BlackRock Science and Technology Term Trust by 937.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 104,436 shares of the company’s stock valued at $2,361,000 after purchasing an additional 94,371 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in BlackRock Science and Technology Term Trust in the second quarter valued at about $1,657,000.

BlackRock Science and Technology Term Trust Stock Performance

Shares of BSTZ stock opened at $30.51 on Tuesday. BlackRock Science and Technology Term Trust has a fifty-two week low of $19.13 and a fifty-two week high of $30.73. The stock’s 50-day simple moving average is $25.63 and its 200-day simple moving average is $23.56.

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.