City Holding Co. Takes Position in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ)

City Holding Co. bought a new stake in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $355,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its holdings in shares of BlackRock Science and Technology Term Trust by 28.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 77,184 shares of the company’s stock valued at $1,598,000 after purchasing an additional 16,933 shares during the last quarter. Bank of America Corp DE increased its holdings in BlackRock Science and Technology Term Trust by 21.8% during the fourth quarter. Bank of America Corp DE now owns 671,643 shares of the company’s stock worth $13,910,000 after buying an additional 120,315 shares during the last quarter. Jane Street Group LLC increased its holdings in BlackRock Science and Technology Term Trust by 18.3% during the fourth quarter. Jane Street Group LLC now owns 15,112 shares of the company’s stock worth $313,000 after buying an additional 2,342 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in BlackRock Science and Technology Term Trust by 12.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 84,681 shares of the company’s stock worth $1,754,000 after buying an additional 9,340 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in BlackRock Science and Technology Term Trust by 109.3% during the fourth quarter. Larson Financial Group LLC now owns 1,800 shares of the company’s stock worth $37,000 after buying an additional 940 shares during the last quarter.

BlackRock Science and Technology Term Trust Stock Performance

NASDAQ BSTZ opened at $19.67 on Tuesday. BlackRock Science and Technology Term Trust has a 52-week low of $15.22 and a 52-week high of $22.28. The company has a 50-day simple moving average of $18.14 and a 200 day simple moving average of $19.81.

BlackRock Science and Technology Term Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.2178 per share. The ex-dividend date is Friday, June 13th. This represents a $2.61 dividend on an annualized basis and a yield of 13.29%.

Insider Buying and Selling

In other BlackRock Science and Technology Term Trust news, Portfolio Manager Tony Kim bought 27,000 shares of BlackRock Science and Technology Term Trust stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $18.57 per share, for a total transaction of $501,390.00. Following the completion of the purchase, the portfolio manager now directly owns 193,533 shares of the company’s stock, valued at approximately $3,593,907.81. This trade represents a 16.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

About BlackRock Science and Technology Term Trust

BlackRock Science and Technology Term Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the science and technology sectors.