Dakota Wealth Management Cuts Stock Holdings in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ)

Dakota Wealth Management lowered its stake in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 30.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 20,202 shares of the company’s stock after selling 8,917 shares during the quarter. Dakota Wealth Management’s holdings in BlackRock Science and Technology Term Trust were worth $358,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its position in shares of 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 worth $1,598,000 after buying an additional 16,933 shares in the last quarter. Bank of America Corp DE boosted its holdings in BlackRock Science and Technology Term Trust by 21.8% in the fourth quarter. Bank of America Corp DE now owns 671,643 shares of the company’s stock valued at $13,910,000 after purchasing an additional 120,315 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of BlackRock Science and Technology Term Trust by 18.3% in the fourth quarter. Jane Street Group LLC now owns 15,112 shares of the company’s stock valued at $313,000 after acquiring an additional 2,342 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of BlackRock Science and Technology Term Trust by 12.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 84,681 shares of the company’s stock valued at $1,754,000 after acquiring an additional 9,340 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of BlackRock Science and Technology Term Trust by 4.4% during the fourth quarter. Ameriprise Financial Inc. now owns 12,444 shares of the company’s stock worth $258,000 after purchasing an additional 528 shares during the last quarter.

BlackRock Science and Technology Term Trust Trading Up 1.3%

NASDAQ:BSTZ opened at $20.83 on Friday. The stock has a fifty day moving average price of $19.76 and a two-hundred day moving average price of $19.58. BlackRock Science and Technology Term Trust has a 1 year low of $15.22 and a 1 year high of $22.28.

BlackRock Science and Technology Term Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be paid a $0.2168 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 12.49%. The ex-dividend date of this dividend is Tuesday, July 15th.

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.