BlackRock Science and Technology Term Trust (BSTZ) to Distribute Monthly Dividend of $0.16 on December 22nd

BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) declared a monthly dividend on Thursday, September 10th. Shareholders of record on Friday, December 11th will be given a dividend of 0.1625 per share on Tuesday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, December 11th.

BlackRock Science and Technology Term Trust Trading Up 0.8%

BSTZ stock opened at $31.02 on Friday. BlackRock Science and Technology Term Trust has a 1-year low of $20.69 and a 1-year high of $31.89. The firm has a fifty day moving average price of $29.80 and a two-hundred day moving average price of $27.37.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC increased its holdings in shares of BlackRock Science and Technology Term Trust by 23.6% in the 4th quarter. HighTower Advisors LLC now owns 95,298 shares of the company’s stock worth $2,155,000 after acquiring an additional 18,219 shares during the period. Blue Bell Private Wealth Management LLC boosted its position in shares of BlackRock Science and Technology Term Trust by 15.6% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 147,913 shares of the company’s stock worth $3,344,000 after buying an additional 19,978 shares during the period. Quantedge Capital Pte Ltd increased its position in BlackRock Science and Technology Term Trust by 113.7% in the 1st quarter. Quantedge Capital Pte Ltd now owns 40,600 shares of the company’s stock valued at $899,000 after acquiring an additional 21,600 shares during the period. Noble Wealth Management PBC raised its stake in BlackRock Science and Technology Term Trust by 3,330.4% during the 2nd quarter. Noble Wealth Management PBC now owns 48,025 shares of the company’s stock valued at $1,442,000 after acquiring an additional 46,625 shares in the last quarter. Finally, Saba Capital Management L.P. grew its stake in shares of BlackRock Science and Technology Term Trust by 21.4% in the first quarter. Saba Capital Management L.P. now owns 5,531,595 shares of the company’s stock worth $122,525,000 after purchasing an additional 974,104 shares in the last quarter.

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.