Absolute Investment Advisers LLC Invests $3.04 Million in BlackRock Science and Technology Term Trust $BSTZ

Absolute Investment Advisers LLC purchased a new position in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 137,302 shares of the company’s stock, valued at approximately $3,041,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Saba Capital Management L.P. raised its stake in shares of BlackRock Science and Technology Term Trust by 23.4% in the fourth quarter. Saba Capital Management L.P. now owns 4,557,491 shares of the company’s stock worth $103,045,000 after acquiring an additional 863,496 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in BlackRock Science and Technology Term Trust by 100.5% during the 3rd quarter. Lazard Asset Management LLC now owns 682,344 shares of the company’s stock worth $15,121,000 after buying an additional 342,054 shares in the last quarter. Bank of America Corp DE boosted its position in BlackRock Science and Technology Term Trust by 16.8% in the 3rd quarter. Bank of America Corp DE now owns 959,947 shares of the company’s stock valued at $21,272,000 after buying an additional 138,030 shares during the last quarter. Rivernorth Capital Management LLC boosted its position in BlackRock Science and Technology Term Trust by 8.7% in the 4th quarter. Rivernorth Capital Management LLC now owns 1,458,032 shares of the company’s stock valued at $32,966,000 after buying an additional 116,578 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of BlackRock Science and Technology Term Trust by 937.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 104,436 shares of the company’s stock valued at $2,361,000 after buying an additional 94,371 shares during the period.

BlackRock Science and Technology Term Trust Price Performance

NASDAQ BSTZ opened at $28.47 on Monday. BlackRock Science and Technology Term Trust has a 52 week low of $20.17 and a 52 week high of $31.88. The stock has a fifty day moving average of $28.51 and a 200-day moving average of $24.68.

BlackRock Science and Technology Term Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.1625 dividend. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date is Tuesday, September 15th.

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.