Wedbush Securities Inc. Has $27.62 Million Holdings in BlackRock Science and Technology Term Trust $BSTZ

Wedbush Securities Inc. raised its holdings in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 30.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 856,178 shares of the company’s stock after acquiring an additional 199,091 shares during the quarter. BlackRock Science and Technology Term Trust makes up 0.7% of Wedbush Securities Inc.’s investment portfolio, making the stock its 22nd largest holding. Wedbush Securities Inc.’s holdings in BlackRock Science and Technology Term Trust were worth $27,620,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Saba Capital Management L.P. lifted its position in shares of BlackRock Science and Technology Term Trust by 21.4% in the first quarter. Saba Capital Management L.P. now owns 5,531,595 shares of the company’s stock worth $122,525,000 after purchasing an additional 974,104 shares in the last quarter. Rivernorth Capital Management LLC grew its position in BlackRock Science and Technology Term Trust by 2.5% during the first quarter. Rivernorth Capital Management LLC now owns 1,493,937 shares of the company’s stock valued at $33,091,000 after purchasing an additional 35,905 shares in the last quarter. Invesco Ltd. increased its stake in BlackRock Science and Technology Term Trust by 4.2% in the 2nd quarter. Invesco Ltd. now owns 990,482 shares of the company’s stock valued at $20,553,000 after buying an additional 39,881 shares during the period. Bank of America Corp DE increased its stake in BlackRock Science and Technology Term Trust by 16.8% in the 3rd quarter. Bank of America Corp DE now owns 959,947 shares of the company’s stock valued at $21,272,000 after buying an additional 138,030 shares during the period. Finally, Lazard Asset Management LLC lifted its position in BlackRock Science and Technology Term Trust by 100.5% in the 3rd quarter. Lazard Asset Management LLC now owns 682,344 shares of the company’s stock worth $15,121,000 after buying an additional 342,054 shares in the last quarter.

BlackRock Science and Technology Term Trust Trading Up 0.2%

BSTZ stock opened at $31.19 on Friday. The company has a 50 day moving average of $29.53 and a two-hundred day moving average of $26.81. BlackRock Science and Technology Term Trust has a 12-month low of $20.69 and a 12-month high of $31.89.

BlackRock Science and Technology Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.1625 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.

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.