WNY Asset Management LLC Invests $850,000 in BlackRock Science and Technology Term Trust $BSTZ

WNY Asset Management LLC bought a new position in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) during the first quarter, according to its most recent filing with the SEC. The firm bought 38,387 shares of the company’s stock, valued at approximately $850,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BSTZ. Sunbelt Securities Inc. raised its holdings in BlackRock Science and Technology Term Trust by 12.2% during the first quarter. Sunbelt Securities Inc. now owns 6,847 shares of the company’s stock worth $152,000 after buying an additional 747 shares during the last quarter. Rivernorth Capital Management LLC increased its position in shares of BlackRock Science and Technology Term Trust by 2.5% during the first quarter. Rivernorth Capital Management LLC now owns 1,493,937 shares of the company’s stock worth $33,091,000 after acquiring an additional 35,905 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of BlackRock Science and Technology Term Trust by 4.7% during the first quarter. Quantinno Capital Management LP now owns 29,899 shares of the company’s stock worth $662,000 after acquiring an additional 1,350 shares in the last quarter. Saba Capital Management L.P. raised its holdings in shares of BlackRock Science and Technology Term Trust by 21.4% in the 1st quarter. Saba Capital Management L.P. now owns 5,531,595 shares of the company’s stock worth $122,525,000 after acquiring an additional 974,104 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in BlackRock Science and Technology Term Trust by 4.5% in the 1st quarter. Cetera Investment Advisers now owns 66,709 shares of the company’s stock valued at $1,478,000 after acquiring an additional 2,855 shares in the last quarter.

BlackRock Science and Technology Term Trust Trading Up 1.5%

BSTZ stock opened at $28.36 on Friday. The business has a 50-day simple moving average of $29.43 and a two-hundred day simple moving average of $25.71. BlackRock Science and Technology Term Trust has a 52-week low of $20.49 and a 52-week high of $31.88.

BlackRock Science and Technology Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.1625 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.9%.

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.