Karpus Management Inc. Reduces Stake in BlackRock Science & Technology Trust (BST)

Karpus Management Inc. trimmed its stake in shares of BlackRock Science & Technology Trust (NYSE:BST) by 57.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 283,222 shares of the company’s stock after selling 385,372 shares during the quarter. Karpus Management Inc. owned about 1.27% of BlackRock Science & Technology Trust worth $6,919,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN raised its position in shares of BlackRock Science & Technology Trust by 2.2% during the 3rd quarter. Wells Fargo & Company MN now owns 1,061,721 shares of the company’s stock worth $25,938,000 after purchasing an additional 23,187 shares during the period. Spectrum Management Group Inc. acquired a new stake in shares of BlackRock Science & Technology Trust during the 3rd quarter worth approximately $2,419,000. Royal Bank of Canada raised its position in shares of BlackRock Science & Technology Trust by 8.9% during the 2nd quarter. Royal Bank of Canada now owns 177,609 shares of the company’s stock worth $3,945,000 after purchasing an additional 14,458 shares during the period. First Trust Advisors LP raised its position in shares of BlackRock Science & Technology Trust by 12.0% during the 2nd quarter. First Trust Advisors LP now owns 167,966 shares of the company’s stock worth $3,731,000 after purchasing an additional 18,044 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of BlackRock Science & Technology Trust by 15.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 130,754 shares of the company’s stock worth $3,194,000 after purchasing an additional 17,920 shares during the period.

Shares of BlackRock Science & Technology Trust (BST) traded down $0.08 during trading on Friday, hitting $26.69. The stock had a trading volume of 115,938 shares, compared to its average volume of 107,352. BlackRock Science & Technology Trust has a fifty-two week low of $17.88 and a fifty-two week high of $27.45.

The business also recently declared a monthly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.84%. This is a boost from BlackRock Science & Technology Trust’s previous monthly dividend of $0.11. The ex-dividend date was Thursday, December 14th.

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BlackRock Science & Technology Trust Profile

BlackRock Science and Technology Trust (the Trust) is a closed-end management investment company. The Trust’s investment objective is to provide income and total return through a combination of current income, current gains and long-term capital appreciation. The Trust invests at least 80% of its assets in equity securities of science and technology companies.

Institutional Ownership by Quarter for BlackRock Science & Technology Trust (NYSE:BST)

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