Cornerstone Advisors LLC Has $4.97 Million Stock Position in BlackRock Science and Technology Trust $BST

Cornerstone Advisors LLC lifted its holdings in BlackRock Science and Technology Trust (NYSE:BST) by 37.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,056 shares of the company’s stock after purchasing an additional 32,531 shares during the period. Cornerstone Advisors LLC’s holdings in BlackRock Science and Technology Trust were worth $4,966,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new stake in BlackRock Science and Technology Trust in the 2nd quarter worth approximately $2,611,000. Balyasny Asset Management L.P. acquired a new stake in shares of BlackRock Science and Technology Trust in the second quarter worth $1,416,000. Shaker Financial Services LLC lifted its stake in shares of BlackRock Science and Technology Trust by 313.1% in the second quarter. Shaker Financial Services LLC now owns 36,014 shares of the company’s stock worth $1,375,000 after buying an additional 27,297 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in BlackRock Science and Technology Trust by 2.4% during the second quarter. Raymond James Financial Inc. now owns 1,045,902 shares of the company’s stock valued at $39,922,000 after acquiring an additional 24,328 shares during the period. Finally, Karpus Management Inc. boosted its holdings in BlackRock Science and Technology Trust by 7.4% during the second quarter. Karpus Management Inc. now owns 322,983 shares of the company’s stock valued at $12,328,000 after acquiring an additional 22,215 shares during the period.

BlackRock Science and Technology Trust Trading Up 1.5%

NYSE:BST opened at $39.62 on Thursday. BlackRock Science and Technology Trust has a one year low of $27.87 and a one year high of $44.50. The company has a fifty day moving average price of $40.38 and a 200 day moving average price of $40.61.

BlackRock Science and Technology Trust Dividend Announcement

The business also recently disclosed 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 of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

Insider Buying and Selling

In other BlackRock Science and Technology Trust news, Portfolio Manager Tony Kim purchased 23,645 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were acquired at an average cost of $38.90 per share, for a total transaction of $919,790.50. Following the transaction, the portfolio manager directly owned 81,159 shares in the company, valued at approximately $3,157,085.10. The trade was a 41.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

BlackRock Science and Technology Trust Company Profile

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.