Insider Buying: BlackRock Science and Technology Trust (NYSE:BST) Portfolio Manager Purchases 10,264 Shares of Stock

BlackRock Science and Technology Trust (NYSE:BST) Portfolio Manager Tony Kim bought 10,264 shares of the stock in a transaction dated Thursday, February 20th. The shares were bought at an average cost of $38.78 per share, with a total value of $398,037.92. Following the completion of the acquisition, the portfolio manager now directly owns 41,514 shares of the company’s stock, valued at approximately $1,609,912.92. The trade was a 32.84 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

BlackRock Science and Technology Trust Stock Down 1.9 %

NYSE:BST opened at $37.99 on Friday. The stock has a 50 day moving average of $37.60 and a 200-day moving average of $36.41. BlackRock Science and Technology Trust has a 52 week low of $31.38 and a 52 week high of $39.59.

BlackRock Science and Technology Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.25 per share. This represents a $3.00 annualized dividend and a dividend yield of 7.90%. The ex-dividend date of this dividend is Friday, February 14th.

Hedge Funds Weigh In On BlackRock Science and Technology Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BST. Raymond James Financial Inc. bought a new stake in BlackRock Science and Technology Trust during the 4th quarter valued at $36,425,000. International Assets Investment Management LLC lifted its holdings in BlackRock Science and Technology Trust by 3,329.8% in the third quarter. International Assets Investment Management LLC now owns 551,411 shares of the company’s stock worth $195,420,000 after purchasing an additional 535,334 shares during the period. 1607 Capital Partners LLC lifted its holdings in BlackRock Science and Technology Trust by 87.6% in the fourth quarter. 1607 Capital Partners LLC now owns 382,122 shares of the company’s stock worth $13,970,000 after purchasing an additional 178,460 shares during the period. Wolverine Asset Management LLC lifted its holdings in BlackRock Science and Technology Trust by 100.8% in the third quarter. Wolverine Asset Management LLC now owns 141,218 shares of the company’s stock worth $5,005,000 after purchasing an additional 70,885 shares during the period. Finally, Invesco Ltd. lifted its holdings in BlackRock Science and Technology Trust by 4.7% in the fourth quarter. Invesco Ltd. now owns 516,229 shares of the company’s stock worth $18,873,000 after purchasing an additional 23,244 shares during the period.

BlackRock Science and Technology Trust Company Profile

BlackRock Science and Technology Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests directly and indirectly through derivative such as options in public equity markets of countries across the globe. The fund seeks to invest in stocks of companies operating across the science and technology sector.