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Citigroup Inc. lessened its holdings in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ – Free Report) by 19.2% during the third quarter, Holdings Channel.com reports. The firm owned 7,524 shares of the company’s stock after selling 1,784 shares during the quarter. Citigroup Inc.’s holdings in BlackRock Science and Technology Term Trust were worth $124,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of BSTZ. Allspring Global Investments Holdings LLC acquired a new position in BlackRock Science and Technology Term Trust in the third quarter valued at $3,174,000. AQR Arbitrage LLC increased its stake in BlackRock Science and Technology Term Trust by 157.6% in the third quarter. AQR Arbitrage LLC now owns 251,902 shares of the company’s stock valued at $4,156,000 after purchasing an additional 154,114 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in BlackRock Science and Technology Term Trust by 3.1% in the third quarter. Janney Montgomery Scott LLC now owns 46,281 shares of the company’s stock valued at $764,000 after purchasing an additional 1,375 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in BlackRock Science and Technology Term Trust by 4.0% in the second quarter. PNC Financial Services Group Inc. now owns 31,517 shares of the company’s stock valued at $571,000 after purchasing an additional 1,207 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its stake in BlackRock Science and Technology Term Trust by 17.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 15,594 shares of the company’s stock valued at $257,000 after purchasing an additional 2,294 shares in the last quarter.
BlackRock Science and Technology Term Trust Stock Up 1.0 %
BSTZ opened at $19.40 on Friday. BlackRock Science and Technology Term Trust has a 1-year low of $14.11 and a 1-year high of $19.44. The company has a fifty day moving average price of $18.33 and a two-hundred day moving average price of $17.02.
BlackRock Science and Technology Term Trust Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.1035 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from BlackRock Science and Technology Term Trust’s previous monthly dividend of $0.10. This represents a $1.24 annualized dividend and a dividend yield of 6.40%.
BlackRock Science and Technology Term Trust Company Profile
(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.
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