Raymond James & Associates lifted its position in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ – Free Report) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 923,940 shares of the company’s stock after acquiring an additional 13,397 shares during the quarter. Raymond James & Associates’ holdings in BlackRock Science and Technology Term Trust were worth $16,733,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. acquired a new stake in BlackRock Science and Technology Term Trust in the 1st quarter valued at about $251,000. Cambridge Investment Research Advisors Inc. grew its position in shares of BlackRock Science and Technology Term Trust by 61.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,224 shares of the company’s stock valued at $477,000 after purchasing an additional 6,167 shares during the last quarter. Quantedge Capital Pte Ltd acquired a new position in shares of BlackRock Science and Technology Term Trust during the 1st quarter worth approximately $576,000. Lazard Asset Management LLC lifted its stake in BlackRock Science and Technology Term Trust by 1.1% in the 1st quarter. Lazard Asset Management LLC now owns 339,495 shares of the company’s stock valued at $9,970,000 after buying an additional 3,648 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. grew its holdings in BlackRock Science and Technology Term Trust by 450.8% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 69,950 shares of the company’s stock valued at $2,053,000 after buying an additional 57,250 shares during the last quarter.
Insider Buying and Selling at BlackRock Science and Technology Term Trust
In other news, Portfolio Manager Tony Kim sold 22,676 shares of BlackRock Science and Technology Term Trust stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $16.67, for a total transaction of $378,008.92. Following the completion of the sale, the portfolio manager now directly owns 152,273 shares in the company, valued at $2,538,390.91. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
BlackRock Science and Technology Term Trust Price Performance
BlackRock Science and Technology Term Trust Cuts Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 16th will be paid a $0.1032 dividend. This represents a $1.24 annualized dividend and a yield of 7.89%. The ex-dividend date of this dividend is Friday, October 13th.
About BlackRock Science and Technology Term Trust
BlackRock Science and Technology Term Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the science and technology sectors.
Read More
- Five stocks we like better than BlackRock Science and Technology Term Trust
- How to Invest in Marijuana Stocks
- MarketBeat Week in Review – 10/9 – 10/13
- What is Short Interest? How to Use It
- What BlackRock’s Earnings Tell You About The Stock Market Tide
- Investing in Travel Stocks Benefits
- Sociedad Quimica y Minera de Chile Well Positioned Lithium Stock
Receive News & Ratings for BlackRock Science and Technology Term Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Science and Technology Term Trust and related companies with MarketBeat.com's FREE daily email newsletter.
