BlackRock Science and Technology Trust (NYSE:BST) Stock Falls 0.3% – Time to Sell?

BlackRock Science and Technology Trust (NYSE:BST) shares were down 0.3% during trading on Wednesday. The company traded as low as $50.43 and last traded at $50.8950. 58,597 shares were traded during trading, a decline of 42% from the average daily volume of 101,877 shares. The stock had previously closed at $51.04.

BlackRock Science and Technology Trust Stock Down 0.3%

The firm has a fifty day moving average price of $49.49 and a two-hundred day moving average price of $46.22.

BlackRock Science and Technology Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a $0.25 dividend. This represents a $3.00 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Trading of BlackRock Science and Technology Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of BST. 1607 Capital Partners LLC boosted its stake in shares of BlackRock Science and Technology Trust by 25.0% during the second quarter. 1607 Capital Partners LLC now owns 468,610 shares of the company’s stock valued at $23,763,000 after purchasing an additional 93,790 shares during the period. Bank of America Corp DE lifted its holdings in BlackRock Science and Technology Trust by 23.3% during the 1st quarter. Bank of America Corp DE now owns 280,055 shares of the company’s stock valued at $10,180,000 after buying an additional 52,846 shares in the last quarter. Alchemi Wealth LLC bought a new stake in BlackRock Science and Technology Trust during the 4th quarter valued at about $4,693,000. First Trust Advisors LP boosted its position in BlackRock Science and Technology Trust by 5.6% in the 1st quarter. First Trust Advisors LP now owns 84,108 shares of the company’s stock valued at $3,057,000 after buying an additional 4,478 shares during the period. Finally, Wealthspire Retirement LLC boosted its position in BlackRock Science and Technology Trust by 6.8% in the 1st quarter. Wealthspire Retirement LLC now owns 65,030 shares of the company’s stock valued at $2,364,000 after buying an additional 4,156 shares during the period.

BlackRock Science and Technology Trust Company Profile

BlackRock Science and Technology Trust (NYSE:BST) is a diversified closed-end investment company that seeks to provide total return through a combination of current income, current gains and long-term capital appreciation. The fund is managed by BlackRock Advisors, LLC, part of BlackRock, one of the world’s largest asset management organizations.

BST invests primarily in equity securities issued by science and technology companies. Its portfolio may include businesses involved in areas such as software, semiconductors, communications equipment, internet services and other technology-related industries.