Claro Advisors LLC Lowers Stock Position in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ)

Claro Advisors LLC reduced its position in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 69.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 15,092 shares of the company’s stock after selling 34,391 shares during the period. Claro Advisors LLC’s holdings in BlackRock Science and Technology Term Trust were worth $290,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BSTZ. Wolverine Asset Management LLC purchased a new position in shares of BlackRock Science and Technology Term Trust in the 2nd quarter worth about $32,000. Bessemer Group Inc. increased its position in BlackRock Science and Technology Term Trust by 71.3% during the 1st quarter. Bessemer Group Inc. now owns 2,223 shares of the company’s stock worth $43,000 after purchasing an additional 925 shares in the last quarter. US Bancorp DE increased its position in BlackRock Science and Technology Term Trust by 51.4% during the 3rd quarter. US Bancorp DE now owns 2,650 shares of the company’s stock worth $51,000 after purchasing an additional 900 shares in the last quarter. UMB Bank n.a. purchased a new position in BlackRock Science and Technology Term Trust in the third quarter valued at approximately $55,000. Finally, Quarry LP acquired a new position in BlackRock Science and Technology Term Trust during the second quarter valued at approximately $86,000.

BlackRock Science and Technology Term Trust Trading Up 0.7 %

BSTZ opened at $20.80 on Tuesday. The company has a 50 day moving average of $19.65 and a two-hundred day moving average of $19.36. BlackRock Science and Technology Term Trust has a 52-week low of $16.21 and a 52-week high of $21.45.

BlackRock Science and Technology Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.2155 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.59 annualized dividend and a yield of 12.43%.

About BlackRock Science and Technology Term Trust

BlackRock Science and Technology Term Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the science and technology sectors.