Insider Buying: BlackRock Science and Technology Trust (NYSE:BST) Portfolio Manager Buys $651,200.00 in Stock

BlackRock Science and Technology Trust (NYSE:BST) Portfolio Manager Tony Kim bought 16,000 shares of the business’s stock in a transaction dated Friday, January 23rd. The shares were purchased at an average cost of $40.70 per share, with a total value of $651,200.00. Following the completion of the acquisition, the portfolio manager owned 57,514 shares in the company, valued at approximately $2,340,819.80. This represents a 38.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

BlackRock Science and Technology Trust Trading Up 0.1%

BST opened at $41.24 on Friday. The firm has a fifty day moving average price of $40.52 and a 200 day moving average price of $40.47. BlackRock Science and Technology Trust has a 1 year low of $27.87 and a 1 year high of $44.50.

BlackRock Science and Technology Trust Dividend Announcement

The company 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 $0.25 per share. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, March 13th.

Hedge Funds Weigh In On BlackRock Science and Technology Trust

A number of hedge funds have recently bought and sold shares of BST. International Assets Investment Management LLC increased its position in shares of BlackRock Science and Technology Trust by 2.3% in the second quarter. International Assets Investment Management LLC now owns 13,652 shares of the company’s stock valued at $521,000 after buying an additional 310 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in BlackRock Science and Technology Trust by 4.1% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,558 shares of the company’s stock valued at $354,000 after acquiring an additional 337 shares during the period. JPMorgan Chase & Co. increased its holdings in BlackRock Science and Technology Trust by 9.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,214 shares of the company’s stock worth $174,000 after acquiring an additional 355 shares in the last quarter. Stephens Inc. AR raised its position in BlackRock Science and Technology Trust by 3.1% during the second quarter. Stephens Inc. AR now owns 16,485 shares of the company’s stock worth $629,000 after acquiring an additional 500 shares during the period. Finally, Mirador Capital Partners LP raised its position in BlackRock Science and Technology Trust by 7.4% during the third quarter. Mirador Capital Partners LP now owns 8,156 shares of the company’s stock worth $337,000 after acquiring an additional 559 shares during the period.

BlackRock Science and Technology Trust Company Profile

BlackRock Science and Technology Trust (NYSE: BST) is a closed-end management investment company that concentrates its investments in the equity securities of companies engaged in science and technology industries. Established in December 2018, the trust seeks to provide shareholders with total return through a combination of capital appreciation and current income. BST primarily targets firms involved in information technology, biotechnology, clean energy, advanced manufacturing, and other technology-driven sectors.

The trust’s investment strategy is rooted in fundamental, bottom-up analysis carried out by a dedicated team of research professionals at BlackRock.