BlackRock Science and Technology Term Trust $BSTZ Position Increased by Saba Capital Management L.P.

Saba Capital Management L.P. grew its holdings in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 21.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,531,595 shares of the company’s stock after acquiring an additional 974,104 shares during the quarter. BlackRock Science and Technology Term Trust comprises 3.4% of Saba Capital Management L.P.’s investment portfolio, making the stock its 6th largest position. Saba Capital Management L.P.’s holdings in BlackRock Science and Technology Term Trust were worth $122,525,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cetera Investment Advisers increased its position in shares of BlackRock Science and Technology Term Trust by 4.5% in the first quarter. Cetera Investment Advisers now owns 66,709 shares of the company’s stock worth $1,478,000 after purchasing an additional 2,855 shares during the last quarter. Quantedge Capital Pte Ltd raised its stake in BlackRock Science and Technology Term Trust by 113.7% in the first quarter. Quantedge Capital Pte Ltd now owns 40,600 shares of the company’s stock valued at $899,000 after purchasing an additional 21,600 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in BlackRock Science and Technology Term Trust by 60.0% during the first quarter. PNC Financial Services Group Inc. now owns 10,029 shares of the company’s stock valued at $222,000 after purchasing an additional 3,759 shares during the last quarter. Independent Financial Group LLC bought a new stake in BlackRock Science and Technology Term Trust during the first quarter valued at approximately $1,398,000. Finally, Sanctuary Advisors LLC lifted its position in BlackRock Science and Technology Term Trust by 1.7% during the first quarter. Sanctuary Advisors LLC now owns 92,841 shares of the company’s stock valued at $2,056,000 after purchasing an additional 1,521 shares during the last quarter.

BlackRock Science and Technology Term Trust Price Performance

BSTZ stock opened at $28.18 on Tuesday. The firm has a 50 day simple moving average of $29.46 and a two-hundred day simple moving average of $25.59. BlackRock Science and Technology Term Trust has a one year low of $20.49 and a one year high of $31.88.

BlackRock Science and Technology Term Trust Dividend Announcement

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

BlackRock Science and Technology Term Trust Company Profile

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.