Shaker Financial Services LLC Has $648,000 Stake in BlackRock Science and Technology Trust (NYSE:BST)

Shaker Financial Services LLC reduced its position in BlackRock Science and Technology Trust (NYSE:BST) by 62.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,717 shares of the company’s stock after selling 29,106 shares during the quarter. Shaker Financial Services LLC’s holdings in BlackRock Science and Technology Trust were worth $648,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of BlackRock Science and Technology Trust in the fourth quarter valued at $36,425,000. 1607 Capital Partners LLC increased its position in shares of BlackRock Science and Technology Trust by 87.6% during the fourth quarter. 1607 Capital Partners LLC now owns 382,122 shares of the company’s stock worth $13,970,000 after acquiring an additional 178,460 shares in the last quarter. Invesco Ltd. raised its holdings in shares of BlackRock Science and Technology Trust by 4.7% in the 4th quarter. Invesco Ltd. now owns 516,229 shares of the company’s stock worth $18,873,000 after acquiring an additional 23,244 shares during the last quarter. Anchor Capital Management Group Inc bought a new position in BlackRock Science and Technology Trust in the 4th quarter valued at about $658,000. Finally, Apollon Wealth Management LLC acquired a new position in BlackRock Science and Technology Trust during the 4th quarter valued at about $508,000.

BlackRock Science and Technology Trust Price Performance

Shares of BST opened at $30.36 on Tuesday. BlackRock Science and Technology Trust has a 52 week low of $27.87 and a 52 week high of $39.59. The stock has a 50 day moving average price of $34.27 and a two-hundred day moving average price of $36.09.

BlackRock Science and Technology Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 15th. This represents a $3.00 annualized dividend and a yield of 9.88%.

Insider Activity at BlackRock Science and Technology Trust

In other news, Portfolio Manager Tony Kim acquired 10,264 shares of BlackRock Science and Technology Trust stock in a transaction on Thursday, February 20th. The stock was acquired at an average cost of $38.78 per share, with a total value of $398,037.92. Following the transaction, the portfolio manager now owns 41,514 shares of the company’s stock, valued at approximately $1,609,912.92. This trade represents a 32.84 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

BlackRock Science and Technology Trust Company Profile

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.