Key Points
- Director Robert Fairbairn sold 9,293 shares of BSTZ on Dec. 18 at an average price of $22.51 for a total of $209,185.43, and now directly holds just one share — a 99.99% reduction in his position.
- Monthly dividend announced: BSTZ will pay $0.1625 per share on Dec. 31 to holders of record on Dec. 22 (ex-dividend date Dec. 22), implying an annualized yield of about 8.5%.
- Fund profile: BSTZ is a closed-end term trust focused on science and technology equities with an anticipated liquidation date in August 2028.
BlackRock Science and Technology Term Trust (NASDAQ:BSTZ - Get Free Report) Director Robert Fairbairn sold 9,293 shares of the firm's stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $22.51, for a total value of $209,185.43. Following the sale, the director directly owned 1 shares of the company's stock, valued at $22.51. This represents a 99.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
BlackRock Science and Technology Term Trust Price Performance
Shares of BSTZ opened at $22.90 on Tuesday. BlackRock Science and Technology Term Trust has a 52-week low of $15.22 and a 52-week high of $23.30. The business's 50 day moving average price is $22.17 and its two-hundred day moving average price is $21.61.
BlackRock Science and Technology Term Trust Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be paid a dividend of $0.1625 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) annualized dividend and a yield of 8.5%.
Institutional Trading of BlackRock Science and Technology Term Trust
Several large investors have recently made changes to their positions in BSTZ. Focus Financial Network Inc. increased its position in BlackRock Science and Technology Term Trust by 19.5% in the 2nd quarter. Focus Financial Network Inc. now owns 18,884 shares of the company's stock valued at $392,000 after buying an additional 3,085 shares in the last quarter. HighTower Advisors LLC grew its stake in BlackRock Science and Technology Term Trust by 21.5% in the first quarter. HighTower Advisors LLC now owns 70,712 shares of the company's stock valued at $1,254,000 after acquiring an additional 12,508 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of BlackRock Science and Technology Term Trust by 6.8% during the second quarter. Janney Montgomery Scott LLC now owns 49,271 shares of the company's stock valued at $1,022,000 after acquiring an additional 3,135 shares in the last quarter. Truist Financial Corp increased its holdings in shares of BlackRock Science and Technology Term Trust by 5.2% during the second quarter. Truist Financial Corp now owns 68,823 shares of the company's stock valued at $1,428,000 after acquiring an additional 3,429 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in shares of BlackRock Science and Technology Term Trust during the second quarter worth approximately $540,000.
BlackRock Science and Technology Term Trust Company Profile
(
Get Free Report)
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.
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