BlackRock Science and Technology Trust (NYSE:BST) Stock Price Passes Below Fifty Day Moving Average – Should You Sell?

BlackRock Science and Technology Trust (NYSE:BST)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $47.49 and traded as low as $44.00. BlackRock Science and Technology Trust shares last traded at $44.05, with a volume of 118,953 shares changing hands.

BlackRock Science and Technology Trust Stock Performance

The company has a 50 day moving average price of $47.48 and a 200 day moving average price of $42.92.

BlackRock Science and Technology Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.5%.

Institutional Trading of BlackRock Science and Technology Trust

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its position in shares of BlackRock Science and Technology Trust by 0.5% in the first quarter. Royal Bank of Canada now owns 296,826 shares of the company’s stock valued at $9,791,000 after buying an additional 1,477 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of BlackRock Science and Technology Trust by 10.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,147 shares of the company’s stock worth $203,000 after buying an additional 600 shares during the last quarter. Jane Street Group LLC boosted its position in shares of BlackRock Science and Technology Trust by 183.8% in the 1st quarter. Jane Street Group LLC now owns 20,917 shares of the company’s stock worth $690,000 after buying an additional 13,547 shares in the last quarter. Focus Partners Wealth purchased a new stake in shares of BlackRock Science and Technology Trust in the 1st quarter worth about $211,000. Finally, JPMorgan Chase & Co. grew its stake in BlackRock Science and Technology Trust by 36.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,859 shares of the company’s stock valued at $147,000 after acquiring an additional 1,033 shares during the last quarter.

BlackRock Science and Technology Trust Company Profile

BlackRock Science and Technology Trust (NYSE: BST) is a closed-end management investment company that concentrates its investments in the equity securities of companies engaged in science and technology industries. Established in December 2018, the trust seeks to provide shareholders with total return through a combination of capital appreciation and current income. BST primarily targets firms involved in information technology, biotechnology, clean energy, advanced manufacturing, and other technology-driven sectors.

The trust’s investment strategy is rooted in fundamental, bottom-up analysis carried out by a dedicated team of research professionals at BlackRock.