Sunbelt Securities Inc. Grows Position in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ)

by themoneyoffice2.com@gmail.com March 17, 2024 · Science and Technology

Sunbelt Securities Inc. raised its position in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ – Free Report) by 303.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,109 shares of the company’s stock after purchasing an additional 9,109 shares during the quarter. Sunbelt Securities Inc.’s holdings in BlackRock Science and Technology Term Trust were worth $200,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BSTZ. NBC Securities Inc. purchased a new position in BlackRock Science and Technology Term Trust during the 3rd quarter valued at approximately $37,000. Belpointe Asset Management LLC grew its holdings in BlackRock Science and Technology Term Trust by 250.0% during the 1st quarter. Belpointe Asset Management LLC now owns 2,800 shares of the company’s stock valued at $52,000 after buying an additional 2,000 shares in the last quarter. Comerica Bank purchased a new position in BlackRock Science and Technology Term Trust during the 3rd quarter valued at approximately $54,000. Castleview Partners LLC grew its holdings in BlackRock Science and Technology Term Trust by 2,590.9% during the 2nd quarter. Castleview Partners LLC now owns 4,736 shares of the company’s stock valued at $86,000 after buying an additional 4,560 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in BlackRock Science and Technology Term Trust by 48.7% during the 1st quarter. BlackRock Inc. now owns 7,433 shares of the company’s stock valued at $139,000 after buying an additional 2,433 shares in the last quarter.

BlackRock Science and Technology Term Trust Stock Down 1.4 %

NASDAQ:BSTZ opened at $18.45 on Friday. BlackRock Science and Technology Term Trust has a 1 year low of $14.11 and a 1 year high of $19.42. The business has a 50 day simple moving average of $17.91 and a 200-day simple moving average of $16.93.

BlackRock Science and Technology Term Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be paid a $0.1035 dividend. This represents a $1.24 annualized dividend and a dividend yield of 6.73%. This is a positive change from BlackRock Science and Technology Term Trust’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Thursday, March 14th.

About BlackRock Science and Technology Term Trust

(Free Report)

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.