BlackRock Science and Technology Trust (NYSE:BST) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Shares of BlackRock Science and Technology Trust (NYSE:BST) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $47.49 and traded as low as $44.00. BlackRock Science and Technology Trust shares last traded at $44.05, with a volume of 118,953 shares.

BlackRock Science and Technology Trust Stock Down 1.1%

The business has a fifty day moving average price of $47.49 and a 200-day moving average price of $42.89.

BlackRock Science and Technology Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.25 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.8%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Alchemi Wealth LLC bought a new stake in shares of BlackRock Science and Technology Trust in the 4th quarter worth approximately $4,693,000. Invesco Ltd. grew its holdings in shares of BlackRock Science and Technology Trust by 21.8% during the 3rd quarter. Invesco Ltd. now owns 526,251 shares of the company’s stock valued at $21,766,000 after purchasing an additional 94,036 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in BlackRock Science and Technology Trust by 1,050.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 93,506 shares of the company’s stock worth $3,791,000 after purchasing an additional 85,381 shares during the period. Bank of America Corp DE raised its position in BlackRock Science and Technology Trust by 23.3% in the 1st quarter. Bank of America Corp DE now owns 280,055 shares of the company’s stock worth $10,180,000 after purchasing an additional 52,846 shares during the period. Finally, 1607 Capital Partners LLC lifted its stake in BlackRock Science and Technology Trust by 16.1% in the fourth quarter. 1607 Capital Partners LLC now owns 374,713 shares of the company’s stock worth $15,191,000 after purchasing an additional 52,097 shares during the last quarter.

About BlackRock Science and Technology Trust

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.