BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) Portfolio Manager Purchases $501,390.00 in Stock

BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) Portfolio Manager Tony Kim bought 27,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $18.57 per share, with a total value of $501,390.00. Following the completion of the transaction, the portfolio manager now directly owns 193,533 shares in the company, valued at approximately $3,593,907.81. This represents a 16.21 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

BlackRock Science and Technology Term Trust Stock Performance

Shares of NASDAQ:BSTZ opened at $18.62 on Monday. The firm has a 50 day moving average of $20.84 and a 200-day moving average of $20.43. BlackRock Science and Technology Term Trust has a 12 month low of $16.50 and a 12 month high of $22.28.

BlackRock Science and Technology Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.2231 dividend. This represents a $2.68 annualized dividend and a dividend yield of 14.38%. The ex-dividend date is Friday, March 14th.

Hedge Funds Weigh In On BlackRock Science and Technology Term Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Elequin Capital LP acquired a new position in shares of BlackRock Science and Technology Term Trust in the 4th quarter valued at approximately $33,000. Larson Financial Group LLC increased its position in BlackRock Science and Technology Term Trust by 109.3% during the 4th quarter. Larson Financial Group LLC now owns 1,800 shares of the company’s stock worth $37,000 after purchasing an additional 940 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in BlackRock Science and Technology Term Trust during the 3rd quarter worth approximately $38,000. Ameriflex Group Inc. acquired a new position in BlackRock Science and Technology Term Trust during the 4th quarter worth approximately $47,000. Finally, US Bancorp DE increased its position in BlackRock Science and Technology Term Trust by 51.4% during the 3rd quarter. US Bancorp DE now owns 2,650 shares of the company’s stock worth $51,000 after purchasing an additional 900 shares in the last quarter.

About BlackRock Science and Technology Term Trust

BlackRock Science and Technology Term Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the science and technology sectors.