Independent Financial Group LLC Invests $1.40 Million in BlackRock Science and Technology Term Trust $BSTZ

Independent Financial Group LLC purchased a new stake in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) during the 1st quarter, Holdings Channel reports. The fund purchased 63,100 shares of the company’s stock, valued at approximately $1,398,000.

Other hedge funds have also added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC raised its holdings in BlackRock Science and Technology Term Trust by 15.6% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 147,913 shares of the company’s stock worth $3,344,000 after purchasing an additional 19,978 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in shares of BlackRock Science and Technology Term Trust by 189.1% in the 4th quarter. Wolverine Asset Management LLC now owns 113,146 shares of the company’s stock valued at $2,558,000 after purchasing an additional 74,005 shares during the last quarter. HighTower Advisors LLC boosted its stake 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 valued at $2,155,000 after purchasing an additional 18,219 shares during the last quarter. Indivisible Partners bought a new position in shares of BlackRock Science and Technology Term Trust in the 4th quarter valued at about $461,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of BlackRock Science and Technology Term Trust by 13.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 204,880 shares of the company’s stock worth $4,698,000 after buying an additional 24,439 shares during the period.

BlackRock Science and Technology Term Trust Price Performance

BSTZ opened at $27.55 on Monday. The firm has a 50 day simple moving average of $29.41 and a 200 day simple moving average of $25.35. BlackRock Science and Technology Term Trust has a fifty-two week low of $20.49 and a fifty-two week high of $31.88.

BlackRock Science and Technology Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.1625 per share. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.