BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) Holdings was downgraded by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lessened its holdings in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ – Free Report) by 0.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 520,023 shares of the company’s stock after selling 1,282 shares during the period. Holdings of Raymond James Financial Services Advisors Inc. holdings in BlackRock Science and Technology Term Trust were worth $10,354,000 as of its most recent SEC filing.

Several other hedge funds have recently modified their holdings of BSTZ. VisionPoint Advisory Group LLC purchased a new position in shares of BlackRock Science and Technology Term Trust in the 4th quarter valued at $32,000. Bessemer Group Inc. raised its stake in shares of BlackRock Science and Technology Term Trust by 71.3% in the first quarter. Bessemer Group Inc. now owns 2,223 shares of the company’s stock worth $43,000 after buying an additional 925 shares during the last quarter. Register Financial Advisors LLC acquired a new position in shares of BlackRock Science and Technology Term Trust in the first quarter worth $131,000. Kayne Anderson Capital Advisors LP purchased a new position in shares of BlackRock Science and Technology Term Trust in the fourth quarter valued at $174,000. Finally, Stablepoint Partners LLC purchased a new position in shares of BlackRock Science and Technology Term Trust in the first quarter worth $205,000.

BlackRock Science & Technology Confidence Futures Trade Up 1.9%

NASDAQ:BSTZ opened at $19.53 on Friday. BlackRock Science and Technology Term Trust has a one year low of $14.11 and a one year high of $20.95. The company’s fifty-day simple moving average is $19.35, and its 200-day simple moving average is $18.87.

BlackRock Science and Technology Term Trust is increasing its dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be given a $0.2141 dividend. The ex-dividend date of this dividend is Thursday, August 15. This is a positive change from BlackRock Science and Technology Term Trust’s previous monthly dividend of $0.21. This represents a dividend of $2.57 on an annualized basis and a yield of 13.15%.

BlackRock Trust Profile for Science and Technology

(Free report)

BlackRock Science and Technology Term Trust is a closed-end mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. Invest in public equity markets around the world. The fund seeks to invest in shares of companies operating in the science and technology sectors.

See Also

Want to see what other hedge funds hold BSTZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Science and Technology Term Trust (NASDAQ:BSTZ – Free Report).

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