BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its stake in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 11.7% during the 4th quarter, HoldingsChannel reports. The firm owned 58,204 shares of the company’s stock after selling 7,676 shares during the quarter. HighTower Advisors LLC’s holdings in BlackRock Science and Technology Term Trust were worth $1,205,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in BSTZ. Larson Financial Group LLC lifted its position in BlackRock Science and Technology Term Trust by 109.3% during the fourth quarter. Larson Financial Group LLC now owns 1,800 shares of the company’s stock worth $37,000 after buying an additional 940 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in BlackRock Science and Technology Term Trust by 1.2% in the 4th quarter. Sanctuary Advisors LLC now owns 102,779 shares of the company’s stock valued at $2,186,000 after purchasing an additional 1,182 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in BlackRock Science and Technology Term Trust in the third quarter valued at $38,000. NewEdge Wealth LLC lifted its stake in shares of BlackRock Science and Technology Term Trust by 2.9% in the 4th quarter. NewEdge Wealth LLC now owns 104,993 shares of the company’s stock valued at $2,174,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of BlackRock Science and Technology Term Trust by 4.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 78,497 shares of the company’s stock worth $1,626,000 after purchasing an additional 3,639 shares during the period.

Insiders Place Their Bets

In other news, Portfolio Manager Tony Kim bought 27,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $18.57 per share, for a total transaction of $501,390.00. Following the completion of the purchase, the portfolio manager now owns 193,533 shares in the company, valued at approximately $3,593,907.81. This trade represents a 16.21 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BlackRock Science and Technology Term Trust Price Performance

Shares of NASDAQ BSTZ opened at $19.27 on Wednesday. The business’s 50 day moving average is $20.49 and its two-hundred day moving average is $20.43. BlackRock Science and Technology Term Trust has a 52-week low of $16.50 and a 52-week high of $22.28.

BlackRock Science and Technology Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.2231 per share. The ex-dividend date is Friday, March 14th. This represents a $2.68 dividend on an annualized basis and a yield of 13.89%.

BlackRock Science and Technology Term Trust Profile

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.