BlackRock Science and Technology Trust (NYSE:BST) Portfolio Manager Tony Kim Acquires 10,264 Shares

BlackRock Science and Technology Trust (NYSE:BST) Portfolio Manager Tony Kim purchased 10,264 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average cost of $38.78 per share, for a total transaction of $398,037.92. Following the completion of the transaction, the portfolio manager now owns 41,514 shares of the company’s stock, valued at $1,609,912.92. This trade represents a 32.84 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

BlackRock Science and Technology Trust Price Performance

NYSE:BST traded down $0.73 during mid-day trading on Friday, reaching $37.99. 103,067 shares of the company’s stock were exchanged, compared to its average volume of 142,217. BlackRock Science and Technology Trust has a one year low of $31.38 and a one year high of $39.59. The business’s fifty day simple moving average is $37.59 and its two-hundred day simple moving average is $36.37.

BlackRock Science and Technology Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.25 dividend. This represents a $3.00 annualized dividend and a dividend yield of 7.90%. The ex-dividend date is Friday, February 14th.

Hedge Funds Weigh In On BlackRock Science and Technology Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Focus Financial Network Inc. raised its position in shares of BlackRock Science and Technology Trust by 3.0% in the 3rd quarter. Focus Financial Network Inc. now owns 12,688 shares of the company’s stock valued at $450,000 after buying an additional 365 shares in the last quarter. Kingsview Wealth Management LLC raised its position in shares of BlackRock Science and Technology Trust by 3.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 25,039 shares of the company’s stock valued at $887,000 after buying an additional 795 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of BlackRock Science and Technology Trust by 10.8% in the 3rd quarter. D.A. Davidson & CO. now owns 8,342 shares of the company’s stock valued at $296,000 after buying an additional 814 shares in the last quarter. Hilltop Holdings Inc. raised its position in shares of BlackRock Science and Technology Trust by 6.8% in the 3rd quarter. Hilltop Holdings Inc. now owns 13,216 shares of the company’s stock valued at $468,000 after buying an additional 843 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of BlackRock Science and Technology Trust by 3.4% in the 3rd quarter. HighTower Advisors LLC now owns 31,058 shares of the company’s stock valued at $1,098,000 after buying an additional 1,031 shares in the last quarter.

About BlackRock Science and Technology Trust

BlackRock Science and Technology Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests directly and indirectly through derivative such as options in public equity markets of countries across the globe. The fund seeks to invest in stocks of companies operating across the science and technology sector.