BlackRock Science and Technology Trust (NYSE:BST) Portfolio Manager Buys $651,200.00 in Stock

BlackRock Science and Technology Trust (NYSE:BST) Portfolio Manager Tony Kim bought 16,000 shares of BlackRock Science and Technology Trust stock in a transaction on Friday, January 23rd. The shares were acquired at an average price of $40.70 per share, for a total transaction of $651,200.00. Following the completion of the acquisition, the portfolio manager owned 57,514 shares in the company, valued at $2,340,819.80. This represents a 38.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

BlackRock Science and Technology Trust Stock Performance

Shares of NYSE:BST traded up $0.18 during trading on Tuesday, hitting $40.97. The company’s stock had a trading volume of 75,430 shares, compared to its average volume of 87,708. BlackRock Science and Technology Trust has a fifty-two week low of $27.87 and a fifty-two week high of $44.50. The business has a 50 day moving average price of $40.37 and a two-hundred day moving average price of $40.44.

BlackRock Science and Technology Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 7.3%.

Hedge Funds Weigh In On BlackRock Science and Technology Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp purchased a new stake in shares of BlackRock Science and Technology Trust during the third quarter worth approximately $26,000. Guerra Advisors Inc acquired a new position in BlackRock Science and Technology Trust during the 3rd quarter worth approximately $39,000. AdvisorNet Financial Inc increased its position in shares of BlackRock Science and Technology Trust by 48.6% in the 3rd quarter. AdvisorNet Financial Inc now owns 2,025 shares of the company’s stock valued at $84,000 after purchasing an additional 662 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of BlackRock Science and Technology Trust in the 3rd quarter valued at approximately $121,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of BlackRock Science and Technology Trust by 36.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,859 shares of the company’s stock valued at $147,000 after purchasing an additional 1,033 shares in the last quarter.

About BlackRock Science and Technology Trust

BlackRock Science and Technology Trust (NYSE: BST) is a closed-end management investment company that concentrates its investments in the equity securities of companies engaged in science and technology industries. Established in December 2018, the trust seeks to provide shareholders with total return through a combination of capital appreciation and current income. BST primarily targets firms involved in information technology, biotechnology, clean energy, advanced manufacturing, and other technology-driven sectors.

The trust’s investment strategy is rooted in fundamental, bottom-up analysis carried out by a dedicated team of research professionals at BlackRock.