Northwestern Mutual Wealth Management Co. Acquires 94,371 Shares of BlackRock Science and Technology Term Trust $BSTZ

Northwestern Mutual Wealth Management Co. lifted its position in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 937.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 104,436 shares of the company’s stock after buying an additional 94,371 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in BlackRock Science and Technology Term Trust were worth $2,361,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. US Bancorp DE boosted its position in shares of BlackRock Science and Technology Term Trust by 165.3% during the 3rd quarter. US Bancorp DE now owns 1,804 shares of the company’s stock worth $40,000 after acquiring an additional 1,124 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of BlackRock Science and Technology Term Trust during the 1st quarter worth approximately $40,000. Activest Wealth Management acquired a new stake in shares of BlackRock Science and Technology Term Trust during the 4th quarter worth approximately $140,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of BlackRock Science and Technology Term Trust during the 4th quarter worth approximately $141,000. Finally, Advisory Services Network LLC acquired a new stake in shares of BlackRock Science and Technology Term Trust during the 3rd quarter worth approximately $147,000.

BlackRock Science and Technology Term Trust Trading Up 2.6%

NASDAQ BSTZ opened at $29.46 on Wednesday. The firm’s 50 day simple moving average is $24.96 and its 200 day simple moving average is $23.34. BlackRock Science and Technology Term Trust has a 1 year low of $19.07 and a 1 year high of $29.50.

BlackRock Science and Technology Term Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.1625 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 6.6%.

BlackRock Science and Technology Term Trust Profile

BlackRock Science and Technology Term Trust (NASDAQ: BSTZ) is a closed-end management investment company that provides targeted exposure to companies engaged in the science and technology sectors. Listed on the NASDAQ stock exchange, the trust seeks to deliver total return composed of capital appreciation and monthly distributions over a defined term. It operates as a term trust, with an anticipated liquidation date in August 2028, at which point shareholders will receive proceeds based on the trust’s net asset value.

The trust’s investment strategy is centered on equity and equity-related securities of companies involved in advancing scientific research, technological innovation and related applications.