Biltmore Family Office LLC Makes New Investment in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ)

Biltmore Family Office LLC purchased a new stake in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 9,791 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds have also bought and sold shares of BSTZ. Jane Street Group LLC bought a new position in shares of BlackRock Science and Technology Term Trust during the third quarter worth approximately $245,000. Commonwealth Equity Services LLC lifted its position in shares of BlackRock Science and Technology Term Trust by 28.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 77,184 shares of the company’s stock valued at $1,598,000 after acquiring an additional 16,933 shares during the period. Larson Financial Group LLC grew its holdings in shares of BlackRock Science and Technology Term Trust by 109.3% during the 4th quarter. Larson Financial Group LLC now owns 1,800 shares of the company’s stock worth $37,000 after purchasing an additional 940 shares in the last quarter. Stablepoint Partners LLC bought a new position in shares of BlackRock Science and Technology Term Trust in the fourth quarter worth $223,000. Finally, Raymond James Financial Inc. acquired a new position in BlackRock Science and Technology Term Trust in the fourth quarter valued at about $31,032,000.

Insider Activity at BlackRock Science and Technology Term Trust

In other news, Portfolio Manager Tony Kim bought 27,000 shares of the stock in a transaction on Thursday, March 13th. The stock was 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. This trade represents a 16.21 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

BlackRock Science and Technology Term Trust Trading Up 0.7 %

Shares of BlackRock Science and Technology Term Trust stock opened at $18.23 on Thursday. The firm’s 50-day moving average price is $20.07 and its two-hundred day moving average price is $20.41. BlackRock Science and Technology Term Trust has a 12-month low of $16.50 and a 12-month high of $22.28.

BlackRock Science and Technology Term Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.2231 dividend. This represents a $2.68 annualized dividend and a yield of 14.68%. The ex-dividend date was Friday, March 14th.

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.