BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) Stock Price Down 0.4% – Here’s What Happened

BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) shares traded down 0.4% during mid-day trading on Monday . The company traded as low as $22.60 and last traded at $22.7090. 353,183 shares traded hands during mid-day trading, an increase of 22% from the average session volume of 288,525 shares. The stock had previously closed at $22.79.

BlackRock Science and Technology Term Trust Trading Down 0.4%

The business’s fifty day simple moving average is $22.42 and its two-hundred day simple moving average is $21.93.

BlackRock Science and Technology Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $0.1625 per share. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date is Friday, March 13th.

Insiders Place Their Bets

In other BlackRock Science and Technology Term Trust news, Director Robert W. Fairbairn sold 9,293 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $22.51, for a total value of $209,185.43. Following the completion of the transaction, the director owned 1 shares in the company, valued at $22.51. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Institutional Trading of BlackRock Science and Technology Term Trust

A number of large investors have recently made changes to their positions in the company. Armstrong Advisory Group Inc. grew its stake in BlackRock Science and Technology Term Trust by 163.5% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,465 shares of the company’s stock worth $30,000 after buying an additional 909 shares during the last quarter. US Bancorp DE boosted its holdings in shares of BlackRock Science and Technology Term Trust by 165.3% in the third quarter. US Bancorp DE now owns 1,804 shares of the company’s stock valued at $40,000 after acquiring an additional 1,124 shares during the period. Geneos Wealth Management Inc. purchased a new position in shares of BlackRock Science and Technology Term Trust during the first quarter worth approximately $40,000. Allworth Financial LP increased its holdings in shares of BlackRock Science and Technology Term Trust by 11,764.7% in the 2nd quarter. Allworth Financial LP now owns 2,017 shares of the company’s stock valued at $42,000 after acquiring an additional 2,000 shares during the period. Finally, AdvisorNet Financial Inc increased its holdings in shares of BlackRock Science and Technology Term Trust by 89.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 2,527 shares of the company’s stock valued at $52,000 after acquiring an additional 1,196 shares during the period.

About BlackRock Science and Technology Term Trust

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.