BlackRock Science and Technology Trust (NYSE:BST) Shares Down 0.3% – Here’s What Happened

BlackRock Science and Technology Trust (NYSE:BST)’s share price traded down 0.3% during mid-day trading on Wednesday. The stock traded as low as $50.43 and last traded at $50.8950. Approximately 58,597 shares changed hands during trading, a decline of 42% from the average daily volume of 101,877 shares. The stock had previously closed at $51.04.

BlackRock Science and Technology Trust Stock Performance

The stock has a 50-day moving average price of $49.58 and a 200-day moving average price of $46.31.

BlackRock Science and Technology Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $3.00 annualized dividend and a dividend yield of 5.9%.

Hedge Funds Weigh In On BlackRock Science and Technology Trust

Hedge funds have recently bought and sold shares of the company. CoreCap Advisors LLC acquired a new position in shares of BlackRock Science and Technology Trust in the 3rd quarter worth approximately $25,000. Eastern Bank bought a new position in BlackRock Science and Technology Trust during the third quarter worth $25,000. Integrated Wealth Concepts LLC acquired a new position in BlackRock Science and Technology Trust in the second quarter worth $167,000. 1607 Capital Partners LLC increased its stake in BlackRock Science and Technology Trust by 25.0% during the second quarter. 1607 Capital Partners LLC now owns 468,610 shares of the company’s stock valued at $23,763,000 after purchasing an additional 93,790 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of BlackRock Science and Technology Trust during the second quarter worth $508,000.

About BlackRock Science and Technology Trust

BlackRock Science and Technology Trust (NYSE:BST) is a diversified closed-end investment company that seeks to provide total return through a combination of current income, current gains and long-term capital appreciation. The fund is managed by BlackRock Advisors, LLC, part of BlackRock, one of the world’s largest asset management organizations.

BST invests primarily in equity securities issued by science and technology companies. Its portfolio may include businesses involved in areas such as software, semiconductors, communications equipment, internet services and other technology-related industries.