Rivernorth Capital Management LLC Acquires 35,905 Shares of BlackRock Science and Technology Term Trust $BSTZ

Rivernorth Capital Management LLC boosted its holdings in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 2.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,493,937 shares of the company’s stock after purchasing an additional 35,905 shares during the quarter. BlackRock Science and Technology Term Trust comprises approximately 1.7% of Rivernorth Capital Management LLC’s portfolio, making the stock its 7th biggest position. Rivernorth Capital Management LLC’s holdings in BlackRock Science and Technology Term Trust were worth $33,091,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in BSTZ. International Assets Investment Management LLC raised its holdings in BlackRock Science and Technology Term Trust by 4.6% during the fourth quarter. International Assets Investment Management LLC now owns 11,285 shares of the company’s stock worth $255,000 after purchasing an additional 500 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of BlackRock Science and Technology Term Trust by 13.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,638 shares of the company’s stock valued at $138,000 after buying an additional 767 shares in the last quarter. Evolve Private Wealth LLC boosted its holdings in shares of BlackRock Science and Technology Term Trust by 1.4% in the 1st quarter. Evolve Private Wealth LLC now owns 58,259 shares of the company’s stock valued at $1,290,000 after buying an additional 793 shares in the last quarter. Merit Financial Group LLC grew its position in shares of BlackRock Science and Technology Term Trust by 7.6% in the 3rd quarter. Merit Financial Group LLC now owns 11,938 shares of the company’s stock valued at $265,000 after buying an additional 847 shares during the last quarter. Finally, PMG Family Office LLC grew its position in shares of BlackRock Science and Technology Term Trust by 1.8% in the 1st quarter. PMG Family Office LLC now owns 57,207 shares of the company’s stock valued at $1,267,000 after buying an additional 990 shares during the last quarter.

BlackRock Science and Technology Term Trust Price Performance

Shares of BSTZ opened at $27.32 on Wednesday. BlackRock Science and Technology Term Trust has a 1-year low of $20.49 and a 1-year high of $31.88. The firm has a fifty day moving average price of $29.47 and a 200 day moving average price of $25.62.

BlackRock Science and Technology Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.1625 dividend. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.