Northwestern Mutual Wealth Management Co. Has $2.36 Million Stock Position in BlackRock Science and Technology Term Trust $BSTZ

Northwestern Mutual Wealth Management Co. boosted its stake in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 937.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 104,436 shares of the company’s stock after buying an additional 94,371 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in BlackRock Science and Technology Term Trust were worth $2,361,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its holdings in BlackRock Science and Technology Term Trust by 4.6% in the 4th quarter. International Assets Investment Management LLC now owns 11,285 shares of the company’s stock valued at $255,000 after purchasing an additional 500 shares during the period. Indivisible Partners bought a new stake in BlackRock Science and Technology Term Trust in the 4th quarter valued at about $461,000. Wolverine Asset Management LLC boosted its holdings in BlackRock Science and Technology Term Trust by 189.1% in the 4th quarter. Wolverine Asset Management LLC now owns 113,146 shares of the company’s stock valued at $2,558,000 after purchasing an additional 74,005 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in BlackRock Science and Technology Term Trust by 1.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 186,176 shares of the company’s stock valued at $4,209,000 after purchasing an additional 2,554 shares during the period. Finally, Activest Wealth Management bought a new stake in BlackRock Science and Technology Term Trust in the 4th quarter valued at about $140,000.

BlackRock Science and Technology Term Trust Price Performance

NASDAQ BSTZ opened at $29.46 on Wednesday. BlackRock Science and Technology Term Trust has a 12-month low of $19.07 and a 12-month high of $29.50. The firm has a 50-day moving average price of $24.96 and a two-hundred day moving average price of $23.34.

BlackRock Science and Technology Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.1625 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.6%.

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.