BlackRock Science and Technology Trust (BST) to Distribute Monthly Dividend of $0.25 on September 30th

BlackRock Science and Technology Trust (NYSE:BST) declared a monthly dividend on Friday, June 5th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.25 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Tuesday, September 15th.

BlackRock Science and Technology Trust Stock Performance

BlackRock Science and Technology Trust stock opened at $50.27 on Friday. BlackRock Science and Technology Trust has a 1-year low of $34.87 and a 1-year high of $51.30. The firm’s fifty day simple moving average is $48.37 and its 200-day simple moving average is $44.90.

Hedge Funds Weigh In On BlackRock Science and Technology Trust

Several institutional investors have recently bought and sold shares of the stock. Alchemi Wealth LLC acquired a new stake in shares of BlackRock Science and Technology Trust in the fourth quarter worth $4,693,000. Invesco Ltd. grew its stake in BlackRock Science and Technology Trust by 21.8% in the 3rd quarter. Invesco Ltd. now owns 526,251 shares of the company’s stock valued at $21,766,000 after buying an additional 94,036 shares during the last quarter. 1607 Capital Partners LLC grew its stake in BlackRock Science and Technology Trust by 25.0% in the 2nd quarter. 1607 Capital Partners LLC now owns 468,610 shares of the company’s stock valued at $23,763,000 after buying an additional 93,790 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in BlackRock Science and Technology Trust by 1,050.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 93,506 shares of the company’s stock worth $3,791,000 after acquiring an additional 85,381 shares during the period. Finally, Bank of America Corp DE raised its holdings in BlackRock Science and Technology Trust by 23.3% in the 1st quarter. Bank of America Corp DE now owns 280,055 shares of the company’s stock worth $10,180,000 after acquiring an additional 52,846 shares during the period.

BlackRock Science and Technology Trust Company Profile

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.