Skyline Advisors Inc. Has $1.67 Million Position in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ)

Skyline Advisors Inc. lifted its holdings in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 1.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 86,203 shares of the company’s stock after buying an additional 1,049 shares during the period. BlackRock Science and Technology Term Trust makes up about 0.7% of Skyline Advisors Inc.’s holdings, making the stock its 23rd largest holding. Skyline Advisors Inc.’s holdings in BlackRock Science and Technology Term Trust were worth $1,672,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BSTZ. Karpus Management Inc. raised its stake in BlackRock Science and Technology Term Trust by 7.3% in the fourth quarter. Karpus Management Inc. now owns 1,360,614 shares of the company’s stock valued at $22,736,000 after buying an additional 92,824 shares during the period. 1607 Capital Partners LLC lifted its holdings in BlackRock Science and Technology Term Trust by 18.0% during the 4th quarter. 1607 Capital Partners LLC now owns 736,194 shares of the company’s stock valued at $12,302,000 after purchasing an additional 112,138 shares during the last quarter. Lazard Asset Management LLC boosted its position in BlackRock Science and Technology Term Trust by 81.2% during the third quarter. Lazard Asset Management LLC now owns 615,054 shares of the company’s stock worth $10,148,000 after purchasing an additional 275,559 shares during the period. Quantedge Capital Pte Ltd increased its holdings in shares of BlackRock Science and Technology Term Trust by 66.6% in the fourth quarter. Quantedge Capital Pte Ltd now owns 606,122 shares of the company’s stock valued at $10,128,000 after purchasing an additional 242,200 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of BlackRock Science and Technology Term Trust by 2.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 469,320 shares of the company’s stock valued at $7,842,000 after purchasing an additional 9,321 shares during the period.

BlackRock Science and Technology Term Trust Stock Performance

Shares of BSTZ stock traded down $0.07 during midday trading on Monday, hitting $19.84. 31,303 shares of the company were exchanged, compared to its average volume of 254,318. BlackRock Science and Technology Term Trust has a 52 week low of $14.11 and a 52 week high of $20.22. The firm’s 50 day moving average price is $18.88 and its two-hundred day moving average price is $18.24.

BlackRock Science and Technology Term Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.2113 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.54 dividend on an annualized basis and a dividend yield of 12.78%. This is a positive change from BlackRock Science and Technology Term Trust’s previous monthly dividend of $0.11.

BlackRock Science and Technology Term Trust Company 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.