BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) Portfolio Manager Tony Kim Purchases 27,000 Shares of Stock

BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) Portfolio Manager Tony Kim acquired 27,000 shares of the stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $18.57 per share, for a total transaction of $501,390.00. Following the completion of the transaction, the portfolio manager now owns 193,533 shares in the company, valued at approximately $3,593,907.81. This represents a 16.21 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

BlackRock Science and Technology Term Trust Stock Up 0.5 %

NASDAQ BSTZ opened at $18.62 on Friday. BlackRock Science and Technology Term Trust has a 1-year low of $16.50 and a 1-year high of $22.28. The firm’s fifty day simple moving average is $20.84 and its 200-day simple moving average is $20.42.

BlackRock Science and Technology Term Trust Dividend Announcement

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

Institutional Investors Weigh In On BlackRock Science and Technology Term Trust

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

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.