Penserra Capital Management LLC Invests $14.49 Million in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ)

Penserra Capital Management LLC acquired a new position in shares of BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) during the third quarter, Holdings Channel reports. The fund acquired 754,457 shares of the company’s stock, valued at approximately $14,485,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BSTZ. Wolverine Asset Management LLC bought a new position in shares of BlackRock Science and Technology Term Trust during the 2nd quarter worth about $32,000. Bessemer Group Inc. boosted its position in shares of BlackRock Science and Technology Term Trust by 71.3% during the 1st quarter. Bessemer Group Inc. now owns 2,223 shares of the company’s stock worth $43,000 after purchasing an additional 925 shares in the last quarter. US Bancorp DE boosted its position in shares of BlackRock Science and Technology Term Trust by 51.4% during the 3rd quarter. US Bancorp DE now owns 2,650 shares of the company’s stock worth $51,000 after purchasing an additional 900 shares in the last quarter. UMB Bank n.a. bought a new position in shares of BlackRock Science and Technology Term Trust during the 3rd quarter worth about $55,000. Finally, Quarry LP bought a new position in shares of BlackRock Science and Technology Term Trust during the 2nd quarter worth about $86,000.

BlackRock Science and Technology Term Trust Price Performance

BSTZ stock opened at $21.42 on Friday. The company’s 50-day moving average is $19.84 and its 200-day moving average is $19.43. BlackRock Science and Technology Term Trust has a 1 year low of $16.21 and a 1 year high of $21.51.

BlackRock Science and Technology Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.2155 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.59 annualized dividend and a yield of 12.07%.

About BlackRock Science and Technology Term Trust

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.