Absolute Investment Advisers LLC Buys Shares of 21,910 BlackRock Science and Technology Term Trust (NASDAQ:BSTZ)

Absolute Investment Advisers LLC purchased a new stake in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) during the 4th quarter, Holdings Channel.com reports. The fund purchased 21,910 shares of the company’s stock, valued at approximately $454,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new stake in BlackRock Science and Technology Term Trust during the third quarter valued at approximately $38,000. US Bancorp DE increased its stake in shares of BlackRock Science and Technology Term Trust by 51.4% in the 3rd quarter. US Bancorp DE now owns 2,650 shares of the company’s stock worth $51,000 after purchasing an additional 900 shares in the last quarter. UMB Bank n.a. bought a new position in BlackRock Science and Technology Term Trust in the 3rd quarter worth $55,000. Stablepoint Partners LLC purchased a new position in BlackRock Science and Technology Term Trust during the fourth quarter valued at $223,000. Finally, SeaCrest Wealth Management LLC bought a new stake in BlackRock Science and Technology Term Trust during the fourth quarter valued at about $247,000.

BlackRock Science and Technology Term Trust Stock Performance

Shares of BSTZ opened at $21.19 on Monday. BlackRock Science and Technology Term Trust has a 52 week low of $16.50 and a 52 week high of $22.28. The business has a 50-day simple moving average of $21.43 and a two-hundred day simple moving average of $20.08.

BlackRock Science and Technology Term Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.2199 per share. This represents a $2.64 annualized dividend and a yield of 12.45%. The ex-dividend date was Wednesday, January 15th.

About BlackRock Science and Technology Term Trust

BlackRock Science and Technology Term Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the science and technology sectors.