BlackRock Science and Technology Trust (NYSE:BST) Shares Acquired by 1607 Capital Partners LLC

1607 Capital Partners LLC lifted its holdings in BlackRock Science and Technology Trust (NYSE:BST) by 87.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 382,122 shares of the company’s stock after acquiring an additional 178,460 shares during the quarter. BlackRock Science and Technology Trust accounts for 1.1% of 1607 Capital Partners LLC’s holdings, making the stock its 27th biggest position. 1607 Capital Partners LLC’s holdings in BlackRock Science and Technology Trust were worth $13,970,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its stake in shares of BlackRock Science and Technology Trust by 3.4% in the 3rd quarter. HighTower Advisors LLC now owns 31,058 shares of the company’s stock valued at $1,098,000 after purchasing an additional 1,031 shares during the period. Mutual Advisors LLC increased its holdings in BlackRock Science and Technology Trust by 12.4% in the fourth quarter. Mutual Advisors LLC now owns 10,865 shares of the company’s stock valued at $402,000 after buying an additional 1,200 shares in the last quarter. Arete Wealth Advisors LLC raised its position in shares of BlackRock Science and Technology Trust by 6.5% in the fourth quarter. Arete Wealth Advisors LLC now owns 20,715 shares of the company’s stock worth $759,000 after acquiring an additional 1,271 shares during the period. Focus Financial Network Inc. boosted its stake in shares of BlackRock Science and Technology Trust by 10.4% during the 4th quarter. Focus Financial Network Inc. now owns 14,012 shares of the company’s stock worth $512,000 after acquiring an additional 1,324 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of BlackRock Science and Technology Trust during the 3rd quarter valued at about $76,000.

Insiders Place Their Bets

In other news, Portfolio Manager Tony Kim bought 10,264 shares of BlackRock Science and Technology Trust stock in a transaction on Thursday, February 20th. The stock was acquired at an average price of $38.78 per share, with a total value of $398,037.92. Following the completion of the acquisition, the portfolio manager now directly owns 41,514 shares of the company’s stock, valued at $1,609,912.92. The trade was a 32.84 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

BlackRock Science and Technology Trust Stock Down 0.4 %

NYSE BST opened at $32.45 on Wednesday. The stock has a 50-day moving average of $34.84 and a 200 day moving average of $36.19. BlackRock Science and Technology Trust has a twelve month low of $27.87 and a twelve month high of $39.59.

BlackRock Science and Technology Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a $0.25 dividend. This represents a $3.00 annualized dividend and a yield of 9.25%. The ex-dividend date of this dividend is Tuesday, April 15th.

BlackRock Science and Technology Trust Profile

BlackRock Science and Technology Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests directly and indirectly through derivative such as options in public equity markets of countries across the globe. The fund seeks to invest in stocks of companies operating across the science and technology sector.