BlackRock Science and Technology Term Trust $BSTZ Stock Holdings Increased by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC increased its stake in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 2.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,493,937 shares of the company’s stock after acquiring an additional 35,905 shares during the period. BlackRock Science and Technology Term Trust makes up about 1.7% of Rivernorth Capital Management LLC’s holdings, making the stock its 7th largest holding. Rivernorth Capital Management LLC’s holdings in BlackRock Science and Technology Term Trust were worth $33,091,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BSTZ. US Bancorp DE increased its holdings in 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 purchasing an additional 1,124 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of BlackRock Science and Technology Term Trust during the first quarter worth about $40,000. Fifth Third Bancorp acquired a new position in shares of BlackRock Science and Technology Term Trust during the first quarter worth about $57,000. Kestra Advisory Services LLC purchased a new stake in shares of BlackRock Science and Technology Term Trust during the fourth quarter worth approximately $68,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of BlackRock Science and Technology Term Trust by 13.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,638 shares of the company’s stock worth $138,000 after buying an additional 767 shares during the period.

BlackRock Science and Technology Term Trust Trading Down 2.5%

Shares of BlackRock Science and Technology Term Trust stock opened at $27.32 on Wednesday. BlackRock Science and Technology Term Trust has a 52-week low of $20.49 and a 52-week high of $31.88. The company has a 50 day moving average of $29.47 and a 200 day moving average of $25.62.

BlackRock Science and Technology Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.1625 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%.

About BlackRock Science and Technology Term Trust

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.