BlackRock Science and Technology Trust (NYSE:BST) Stock Price Down 0.3% – Time to Sell?

BlackRock Science and Technology Trust (NYSE:BST)’s share price dropped 0.3% during trading on Wednesday. The company traded as low as $50.43 and last traded at $50.8950. Approximately 58,597 shares were traded during mid-day trading, a decline of 42% from the average session volume of 101,877 shares. The stock had previously closed at $51.04.

BlackRock Science and Technology Trust Trading Down 0.3%

The company has a 50-day moving average price of $49.49 and a two-hundred day moving average price of $46.22.

BlackRock Science and Technology Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a $0.25 dividend. The ex-dividend date is Friday, December 11th. This represents a $3.00 dividend on an annualized basis and a yield of 5.9%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Eastern Bank purchased a new stake in shares of BlackRock Science and Technology Trust in the third quarter valued at $25,000. Integrated Wealth Concepts LLC bought a new position in BlackRock Science and Technology Trust during the 2nd quarter valued at about $167,000. 1607 Capital Partners LLC grew its holdings in BlackRock Science and Technology Trust by 25.0% during the 2nd quarter. 1607 Capital Partners LLC now owns 468,610 shares of the company’s stock valued at $23,763,000 after purchasing an additional 93,790 shares during the last quarter. Citadel Advisors LLC bought a new position in BlackRock Science and Technology Trust during the 2nd quarter valued at about $508,000. Finally, Readystate Asset Management LP purchased a new stake in BlackRock Science and Technology Trust in the 2nd quarter worth about $363,000.

About BlackRock Science and Technology Trust

BlackRock Science and Technology Trust (NYSE:BST) is a diversified closed-end investment company that seeks to provide total return through a combination of current income, current gains and long-term capital appreciation. The fund is managed by BlackRock Advisors, LLC, part of BlackRock, one of the world’s largest asset management organizations.

BST invests primarily in equity securities issued by science and technology companies. Its portfolio may include businesses involved in areas such as software, semiconductors, communications equipment, internet services and other technology-related industries.