Quantedge Capital Pte Ltd Increases Holdings in BlackRock Science and Technology Term Trust $BSTZ

Quantedge Capital Pte Ltd boosted its position in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 113.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,600 shares of the company’s stock after purchasing an additional 21,600 shares during the quarter. Quantedge Capital Pte Ltd’s holdings in BlackRock Science and Technology Term Trust were worth $899,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE increased its stake in shares of BlackRock Science and Technology Term Trust by 165.3% during the third quarter. US Bancorp DE now owns 1,804 shares of the company’s stock valued at $40,000 after buying an additional 1,124 shares during the period. Geneos Wealth Management Inc. purchased a new stake in BlackRock Science and Technology Term Trust during the first quarter worth $40,000. Fifth Third Bancorp purchased a new position in shares of BlackRock Science and Technology Term Trust in the 1st quarter valued at $57,000. Kestra Advisory Services LLC purchased a new position in shares of BlackRock Science and Technology Term Trust in the 4th quarter valued at $68,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of BlackRock Science and Technology Term Trust by 13.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,638 shares of the company’s stock worth $138,000 after acquiring an additional 767 shares in the last quarter.

BlackRock Science and Technology Term Trust Price Performance

BSTZ stock opened at $28.71 on Wednesday. BlackRock Science and Technology Term Trust has a one year low of $20.49 and a one year high of $31.88. The firm has a 50-day simple moving average of $29.41 and a two-hundred day simple moving average of $25.43.

BlackRock Science and Technology Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.1625 per share. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Tuesday, September 15th.

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.