Wedbush Securities Inc. Buys 53,836 Shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ)

Wedbush Securities Inc. raised its position in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 781,202 shares of the company’s stock after acquiring an additional 53,836 shares during the quarter. BlackRock Science and Technology Term Trust makes up approximately 0.6% of Wedbush Securities Inc.’s holdings, making the stock its 20th largest position. Wedbush Securities Inc.’s holdings in BlackRock Science and Technology Term Trust were worth $16,179,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BSTZ. Biltmore Family Office LLC bought a new stake in shares of BlackRock Science and Technology Term Trust during the fourth quarter valued at approximately $203,000. Commonwealth Equity Services LLC lifted its position in BlackRock Science and Technology Term Trust by 28.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 77,184 shares of the company’s stock valued at $1,598,000 after buying an additional 16,933 shares during the period. Larson Financial Group LLC boosted its holdings in shares of 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 valued at $37,000 after buying an additional 940 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of BlackRock Science and Technology Term Trust in the 4th quarter worth about $31,032,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of BlackRock Science and Technology Term Trust by 4.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 78,497 shares of the company’s stock worth $1,626,000 after buying an additional 3,639 shares during the period.

BlackRock Science and Technology Term Trust Price Performance

Shares of NASDAQ BSTZ opened at $16.80 on Friday. BlackRock Science and Technology Term Trust has a 1 year low of $15.85 and a 1 year high of $22.28. The firm has a 50-day moving average of $19.88 and a 200 day moving average of $20.37.

BlackRock Science and Technology Term Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.2218 per share. The ex-dividend date is Tuesday, April 15th. This represents a $2.66 annualized dividend and a dividend yield of 15.84%.

Insider Transactions at BlackRock Science and Technology Term Trust

In related news, Portfolio Manager Tony Kim purchased 27,000 shares of the 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 transaction, the portfolio manager now directly owns 193,533 shares in the company, valued at $3,593,907.81. This trade represents a 16.21 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

BlackRock Science and Technology Term Trust Profile

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.