Rivernorth Capital Management LLC Has $31.67 Million Position in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ)

Rivernorth Capital Management LLC lowered its holdings in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,649,225 shares of the company’s stock after selling 86,069 shares during the quarter. BlackRock Science and Technology Term Trust accounts for about 1.5% of Rivernorth Capital Management LLC’s investment portfolio, making the stock its 18th biggest position. Rivernorth Capital Management LLC’s holdings in BlackRock Science and Technology Term Trust were worth $31,665,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wolverine Asset Management LLC acquired a new stake in shares of BlackRock Science and Technology Term Trust in the 2nd quarter valued at $32,000. Brown Brothers Harriman & Co. acquired a new position in BlackRock Science and Technology Term Trust in the third quarter valued at about $38,000. US Bancorp DE grew its stake in BlackRock Science and Technology Term Trust by 51.4% during the third quarter. US Bancorp DE now owns 2,650 shares of the company’s stock worth $51,000 after buying an additional 900 shares during the last quarter. UMB Bank n.a. acquired a new stake in shares of BlackRock Science and Technology Term Trust during the third quarter worth approximately $55,000. Finally, Quarry LP bought a new position in shares of BlackRock Science and Technology Term Trust in the second quarter valued at approximately $86,000.

BlackRock Science and Technology Term Trust Stock Performance

NASDAQ BSTZ opened at $21.63 on Friday. The stock’s 50 day simple moving average is $20.57 and its 200 day simple moving average is $19.72. BlackRock Science and Technology Term Trust has a one year low of $16.21 and a one year high of $22.08.

BlackRock Science and Technology Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 16th will be paid a $0.218 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 12.09%.

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.