Tony Kim Acquires 41,825 Shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) Stock

BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) Portfolio Manager Tony Kim bought 41,825 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was bought at an average cost of $22.00 per share, for a total transaction of $920,150.00. Following the purchase, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

BlackRock Science and Technology Term Trust Price Performance

BSTZ traded up $0.53 during midday trading on Monday, reaching $23.09. 135,083 shares of the company were exchanged, compared to its average volume of 306,194. The stock’s 50-day simple moving average is $22.67 and its 200 day simple moving average is $22.19. BlackRock Science and Technology Term Trust has a one year low of $15.22 and a one year high of $23.47.

BlackRock Science and Technology Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.1625 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 8.4%.

Institutional Trading of BlackRock Science and Technology Term Trust

A number of large investors have recently bought and sold shares of the business. US Bancorp DE lifted its stake in BlackRock Science and Technology Term Trust by 165.3% in the third quarter. US Bancorp DE now owns 1,804 shares of the company’s stock valued at $40,000 after buying an additional 1,124 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in BlackRock Science and Technology Term Trust in the 1st quarter valued at $40,000. Allworth Financial LP boosted its stake in BlackRock Science and Technology Term Trust by 11,764.7% in the 2nd quarter. Allworth Financial LP now owns 2,017 shares of the company’s stock worth $42,000 after purchasing an additional 2,000 shares during the period. AdvisorNet Financial Inc lifted its holdings in shares of BlackRock Science and Technology Term Trust by 47.6% in the third quarter. AdvisorNet Financial Inc now owns 3,731 shares of the company’s stock valued at $83,000 after purchasing an additional 1,204 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of BlackRock Science and Technology Term Trust during the second quarter worth about $123,000.

About BlackRock Science and Technology Term Trust

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.