Wedbush Securities Inc. Acquires 53,836 Shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ)

Wedbush Securities Inc. lifted its holdings in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 781,202 shares of the company’s stock after buying an additional 53,836 shares during the period. BlackRock Science and Technology Term Trust makes up 0.6% of Wedbush Securities Inc.’s portfolio, making the stock its 20th biggest position. Wedbush Securities Inc.’s holdings in BlackRock Science and Technology Term Trust were worth $16,179,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Jane Street Group LLC bought a new position in shares of BlackRock Science and Technology Term Trust during the 3rd quarter valued at $245,000. Commonwealth Equity Services LLC increased its position in BlackRock Science and Technology Term Trust by 28.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 77,184 shares of the company’s stock valued at $1,598,000 after acquiring an additional 16,933 shares during the last quarter. Larson Financial Group LLC lifted its holdings in BlackRock Science and Technology Term Trust by 109.3% in the fourth quarter. Larson Financial Group LLC now owns 1,800 shares of the company’s stock valued at $37,000 after acquiring an additional 940 shares during the period. Stablepoint Partners LLC bought a new position in BlackRock Science and Technology Term Trust in the fourth quarter valued at about $223,000. Finally, Wolverine Asset Management LLC purchased a new position in BlackRock Science and Technology Term Trust in the fourth quarter worth about $385,000.

BlackRock Science and Technology Term Trust Stock Down 3.3 %

NASDAQ BSTZ opened at $16.80 on Friday. The company has a 50-day moving average price of $19.88 and a 200-day moving average price of $20.37. BlackRock Science and Technology Term Trust has a 52 week low of $15.85 and a 52 week high of $22.28.

BlackRock Science and Technology Term Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.2218 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $2.66 dividend on an annualized basis and a yield of 15.84%.

Insiders Place Their Bets

In related news, Portfolio Manager Tony Kim purchased 27,000 shares of BlackRock Science and Technology Term Trust stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $18.57 per share, for a total transaction of $501,390.00. Following the completion of the transaction, the portfolio manager now directly owns 193,533 shares in the company, valued at $3,593,907.81. This represents a 16.21 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

BlackRock Science and Technology Term Trust Company Profile

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.