Insider Buying: BlackRock Science and Technology Trust (NYSE:BST) Portfolio Manager Buys $919,790.50 in Stock

BlackRock Science and Technology Trust (NYSE:BST) Portfolio Manager Tony Kim acquired 23,645 shares of BlackRock Science and Technology Trust stock in a transaction that occurred on Thursday, February 5th. The shares were bought at an average price of $38.90 per share, for a total transaction of $919,790.50. Following the transaction, the portfolio manager owned 81,159 shares of the company’s stock, valued at $3,157,085.10. This represents a 41.11% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Tony Kim also recently made the following trade(s):

• On Friday, January 23rd, Tony Kim bought 16,000 shares of BlackRock Science and Technology Trust stock. The stock was bought at an average cost of $40.70 per share, with a total value of $651,200.00.

BlackRock Science and Technology Trust Trading Up 0.6%

NYSE BST opened at $40.85 on Thursday. BlackRock Science and Technology Trust has a 52 week low of $27.87 and a 52 week high of $44.50. The business’s fifty day simple moving average is $40.53 and its 200-day simple moving average is $40.58.

BlackRock Science and Technology Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 7.3%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in shares of BlackRock Science and Technology Trust by 0.5% in the 1st quarter. Royal Bank of Canada now owns 296,826 shares of the company’s stock valued at $9,791,000 after purchasing an additional 1,477 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in BlackRock Science and Technology Trust by 10.8% in the first quarter. Goldman Sachs Group Inc. now owns 6,147 shares of the company’s stock valued at $203,000 after buying an additional 600 shares during the last quarter. Jane Street Group LLC boosted its stake in BlackRock Science and Technology Trust by 183.8% during the first quarter. Jane Street Group LLC now owns 20,917 shares of the company’s stock worth $690,000 after buying an additional 13,547 shares during the period. Focus Partners Wealth acquired a new stake in shares of BlackRock Science and Technology Trust during the first quarter valued at about $211,000. Finally, Truist Financial Corp raised its stake in shares of BlackRock Science and Technology Trust by 8.1% in the 2nd quarter. Truist Financial Corp now owns 32,373 shares of the company’s stock valued at $1,236,000 after acquiring an additional 2,424 shares during the period.

About BlackRock Science and Technology Trust

BlackRock Science and Technology Trust (NYSE: BST) is a closed-end management investment company that concentrates its investments in the equity securities of companies engaged in science and technology industries. Established in December 2018, the trust seeks to provide shareholders with total return through a combination of capital appreciation and current income. BST primarily targets firms involved in information technology, biotechnology, clean energy, advanced manufacturing, and other technology-driven sectors.

The trust’s investment strategy is rooted in fundamental, bottom-up analysis carried out by a dedicated team of research professionals at BlackRock.