LM Advisors LLC Trims Holdings in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ)

LM Advisors LLC lessened its stake in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 22.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,174 shares of the company’s stock after selling 21,019 shares during the period. LM Advisors LLC’s holdings in BlackRock Science and Technology Term Trust were worth $1,474,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new position in BlackRock Science and Technology Term Trust during the 4th quarter worth approximately $47,000. Elequin Capital LP acquired a new stake in shares of BlackRock Science and Technology Term Trust during the fourth quarter worth $33,000. CF Capital LLC bought a new position in shares of BlackRock Science and Technology Term Trust in the 4th quarter worth about $4,536,000. Bank of America Corp DE lifted its position in shares of BlackRock Science and Technology Term Trust by 21.8% in the 4th quarter. Bank of America Corp DE now owns 671,643 shares of the company’s stock worth $13,910,000 after buying an additional 120,315 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of BlackRock Science and Technology Term Trust by 4.4% during the 4th quarter. Ameriprise Financial Inc. now owns 12,444 shares of the company’s stock valued at $258,000 after buying an additional 528 shares during the last quarter.

Insider Transactions at BlackRock Science and Technology Term Trust

In other news, Portfolio Manager Tony Kim acquired 27,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $18.57 per share, with a total value of $501,390.00. Following the acquisition, the portfolio manager now directly owns 193,533 shares in the company, valued at approximately $3,593,907.81. The trade was a 16.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

BlackRock Science and Technology Term Trust Trading Up 0.6%

BSTZ opened at $19.01 on Monday. The company’s 50-day moving average price is $17.94 and its 200 day moving average price is $19.94. BlackRock Science and Technology Term Trust has a fifty-two week low of $15.22 and a fifty-two week high of $22.28.

BlackRock Science and Technology Term Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.2192 per share. This represents a $2.63 dividend on an annualized basis and a dividend yield of 13.84%. The ex-dividend date of this dividend is Thursday, May 15th.

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.