BlackRock Science and Technology Trust (NYSE:BST) Plans $0.25 Monthly Dividend

BlackRock Science and Technology Trust (NYSE:BST) declared a monthly dividend on Friday, June 5th. Stockholders of record on Friday, August 14th will be given a dividend of 0.25 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Friday, August 14th.

BlackRock Science and Technology Trust Trading Up 0.3%

Shares of BlackRock Science and Technology Trust stock opened at $49.23 on Wednesday. BlackRock Science and Technology Trust has a twelve month low of $34.87 and a twelve month high of $51.30. The business’s 50 day simple moving average is $47.47 and its 200-day simple moving average is $43.34.

Institutional Investors Weigh In On BlackRock Science and Technology Trust

Hedge funds have recently added to or reduced their stakes in the stock. Trust Co. of Vermont acquired a new position in shares of BlackRock Science and Technology Trust during the second quarter valued at $76,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of BlackRock Science and Technology Trust by 4.1% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,417 shares of the company’s stock worth $478,000 after acquiring an additional 372 shares during the period. Focus Financial Network Inc. lifted its position in BlackRock Science and Technology Trust by 6.0% in the 2nd quarter. Focus Financial Network Inc. now owns 18,483 shares of the company’s stock valued at $937,000 after purchasing an additional 1,048 shares during the last quarter. Noble Wealth Management PBC bought a new stake in BlackRock Science and Technology Trust in the 2nd quarter valued at about $345,000. Finally, Bank of America Corp DE boosted its stake in BlackRock Science and Technology Trust by 23.3% during the 1st quarter. Bank of America Corp DE now owns 280,055 shares of the company’s stock valued at $10,180,000 after purchasing an additional 52,846 shares during the period.

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.