PNC Financial Services Group Inc. Increases Position in BlackRock Science and Technology Trust $BST

PNC Financial Services Group Inc. grew its holdings in shares of BlackRock Science and Technology Trust (NYSE:BST) by 213.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,184 shares of the company’s stock after purchasing an additional 14,430 shares during the quarter. PNC Financial Services Group Inc.’s holdings in BlackRock Science and Technology Trust were worth $859,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. lifted its position 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 worth $39,922,000 after buying an additional 24,328 shares during the period. Invesco Ltd. grew its holdings in BlackRock Science and Technology Trust by 21.8% in the 3rd quarter. Invesco Ltd. now owns 526,251 shares of the company’s stock valued at $21,766,000 after buying an additional 94,036 shares during the period. 1607 Capital Partners LLC grew its holdings in BlackRock Science and Technology Trust by 13.2% in the 3rd quarter. 1607 Capital Partners LLC now owns 322,616 shares of the company’s stock valued at $13,343,000 after buying an additional 37,666 shares during the period. Royal Bank of Canada increased its stake in shares of BlackRock Science and Technology Trust by 0.5% during the 1st quarter. Royal Bank of Canada now owns 296,826 shares of the company’s stock valued at $9,791,000 after acquiring an additional 1,477 shares during the last quarter. Finally, Bank of America Corp DE increased its position in BlackRock Science and Technology Trust by 2.7% during the third quarter. Bank of America Corp DE now owns 197,494 shares of the company’s stock worth $8,168,000 after purchasing an additional 5,192 shares during the last quarter.

BlackRock Science and Technology Trust Stock Up 0.7%

Shares of BST opened at $49.58 on Friday. BlackRock Science and Technology Trust has a twelve month low of $34.87 and a twelve month high of $50.56. The stock’s fifty day simple moving average is $41.73 and its 200 day simple moving average is $40.72.

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.