Key Points
- NASDAQ:BSTZ VP Stephen Thomas Minar bought 878 shares on Feb 10 at an average price of $23.15 (total $20,325.70), raising his holdings to 8,937 shares — a 10.89% increase — in a transaction disclosed to the SEC.
- The trust declared a monthly dividend of $0.1625 per share payable Mar 31 to holders of record Mar 13 (ex-dividend Mar 13), which implies an annualized yield of about 8.5%.
- 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) VP Stephen Thomas Minar acquired 878 shares of the company's stock in a transaction dated Tuesday, February 10th. The shares were bought at an average cost of $23.15 per share, with a total value of $20,325.70. Following the completion of the acquisition, the vice president directly owned 8,937 shares in the company, valued at $206,891.55. The trade was a 10.89% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
BlackRock Science and Technology Term Trust Price Performance
BSTZ opened at $22.82 on Friday. The business's fifty day simple moving average is $22.73 and its 200 day simple moving average is $22.23. BlackRock Science and Technology Term Trust has a 52 week low of $15.22 and a 52 week high of $23.47.
BlackRock Science and Technology Term Trust Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a $0.1625 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 8.5%.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in BSTZ. Amplius Wealth Advisors LLC boosted its stake in shares of BlackRock Science and Technology Term Trust by 2.8% in the 3rd quarter. Amplius Wealth Advisors LLC now owns 17,990 shares of the company's stock valued at $399,000 after purchasing an additional 494 shares in the last quarter. Stablepoint Partners LLC boosted its position in BlackRock Science and Technology Term Trust by 4.6% during the second quarter. Stablepoint Partners LLC now owns 11,270 shares of the company's stock valued at $234,000 after buying an additional 500 shares during the period. International Assets Investment Management LLC grew its stake in shares of BlackRock Science and Technology Term Trust by 4.6% during the fourth quarter. International Assets Investment Management LLC now owns 11,285 shares of the company's stock valued at $255,000 after buying an additional 500 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of BlackRock Science and Technology Term Trust by 13.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,638 shares of the company's stock worth $138,000 after buying an additional 767 shares during the period. Finally, Merit Financial Group LLC lifted its stake in shares of BlackRock Science and Technology Term Trust by 7.6% in the 3rd quarter. Merit Financial Group LLC now owns 11,938 shares of the company's stock valued at $265,000 after acquiring an additional 847 shares during the last quarter.
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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