BlackRock Science and Technology Term Trust $BSTZ Shares Purchased by Formidable Asset Management LLC

Formidable Asset Management LLC raised its position in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 109.0% during the third quarter, HoldingsChannel.com reports. The firm owned 44,258 shares of the company’s stock after buying an additional 23,077 shares during the quarter. Formidable Asset Management LLC’s holdings in BlackRock Science and Technology Term Trust were worth $918,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. boosted its holdings in BlackRock Science and Technology Term Trust by 4.2% in the 2nd quarter. Invesco Ltd. now owns 990,482 shares of the company’s stock worth $20,553,000 after acquiring an additional 39,881 shares during the period. Bank of America Corp DE increased its stake in BlackRock Science and Technology Term Trust by 12.9% during the 2nd quarter. Bank of America Corp DE now owns 821,917 shares of the company’s stock worth $17,055,000 after buying an additional 94,124 shares during the period. Penserra Capital Management LLC lifted its holdings in BlackRock Science and Technology Term Trust by 3.0% in the 2nd quarter. Penserra Capital Management LLC now owns 818,870 shares of the company’s stock worth $16,991,000 after buying an additional 24,186 shares in the last quarter. Flagship Harbor Advisors LLC boosted its position in BlackRock Science and Technology Term Trust by 220.2% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 336,660 shares of the company’s stock valued at $6,986,000 after buying an additional 231,523 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its stake in shares of BlackRock Science and Technology Term Trust by 2.5% during the third quarter. Blue Bell Private Wealth Management LLC now owns 127,935 shares of the company’s stock valued at $2,835,000 after acquiring an additional 3,081 shares in the last quarter.

Insider Buying and Selling at BlackRock Science and Technology Term Trust

In other news, Director Robert W. Fairbairn sold 9,293 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $22.51, for a total transaction of $209,185.43. Following the completion of the sale, the director owned 1 shares of the company’s stock, valued at approximately $22.51. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BlackRock Science and Technology Term Trust Trading Down 0.5%

NASDAQ:BSTZ opened at $22.86 on Tuesday. BlackRock Science and Technology Term Trust has a one year low of $15.22 and a one year high of $23.47. The business’s 50-day simple moving average is $22.44 and its 200 day simple moving average is $22.01.

BlackRock Science and Technology Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.1625 per share. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date is Friday, March 13th.

BlackRock Science and Technology Term Trust Company Profile

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.