Wolverine Asset Management LLC Acquires 209,498 Shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ)

Wolverine Asset Management LLC lifted its position in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 154.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 344,745 shares of the company’s stock after acquiring an additional 209,498 shares during the period. Wolverine Asset Management LLC’s holdings in BlackRock Science and Technology Term Trust were worth $5,761,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mathes Company Inc. boosted its stake in shares of BlackRock Science and Technology Term Trust by 59.7% during the 4th quarter. Mathes Company Inc. now owns 18,450 shares of the company’s stock worth $308,000 after acquiring an additional 6,900 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in shares of BlackRock Science and Technology Term Trust by 142.2% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 71,536 shares of the company’s stock worth $1,195,000 after buying an additional 42,001 shares during the last quarter. International Assets Investment Management LLC grew its holdings in BlackRock Science and Technology Term Trust by 1,575.9% during the 4th quarter. International Assets Investment Management LLC now owns 212,859 shares of the company’s stock valued at $35,570,000 after purchasing an additional 200,158 shares during the last quarter. Claro Advisors LLC grew its holdings in BlackRock Science and Technology Term Trust by 14.9% during the 4th quarter. Claro Advisors LLC now owns 95,648 shares of the company’s stock valued at $1,598,000 after purchasing an additional 12,403 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in BlackRock Science and Technology Term Trust by 2.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 469,320 shares of the company’s stock valued at $7,842,000 after purchasing an additional 9,321 shares during the last quarter.

BlackRock Science and Technology Term Trust Price Performance

BlackRock Science and Technology Term Trust stock traded up $0.13 during trading hours on Tuesday, hitting $17.30. The company had a trading volume of 218,795 shares, compared to its average volume of 278,563. The company has a 50-day moving average price of $18.61 and a two-hundred day moving average price of $17.25. BlackRock Science and Technology Term Trust has a 1 year low of $14.11 and a 1 year high of $19.47.

BlackRock Science and Technology Term Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a dividend of $0.1045 per share. This is a boost from BlackRock Science and Technology Term Trust’s previous monthly dividend of $0.10. The ex-dividend date is Friday, April 12th. This represents a $1.25 dividend on an annualized basis and a yield of 7.25%.

BlackRock Science and Technology Term Trust 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.