PNC Financial Services Group Inc. Increases Stake in BlackRock Science and Technology Trust (NYSE:BST)

PNC Financial Services Group Inc. grew its stake in BlackRock Science and Technology Trust (NYSE:BST) by 124.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,446 shares of the company’s stock after buying an additional 6,895 shares during the quarter. PNC Financial Services Group Inc.’s holdings in BlackRock Science and Technology Trust were worth $455,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC boosted its stake in shares of BlackRock Science and Technology Trust by 3.4% in the 3rd quarter. HighTower Advisors LLC now owns 31,058 shares of the company’s stock valued at $1,098,000 after buying an additional 1,031 shares during the period. Arkadios Wealth Advisors purchased a new position in shares of BlackRock Science and Technology Trust in the 4th quarter valued at about $244,000. D.A. Davidson & CO. boosted its stake in shares of BlackRock Science and Technology Trust by 10.8% in the 3rd quarter. D.A. Davidson & CO. now owns 8,342 shares of the company’s stock valued at $296,000 after buying an additional 814 shares during the period. Kingsview Wealth Management LLC boosted its stake in shares of BlackRock Science and Technology Trust by 3.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 25,039 shares of the company’s stock valued at $887,000 after buying an additional 795 shares during the period. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of BlackRock Science and Technology Trust in the 3rd quarter valued at about $222,000.

Insider Buying and Selling

In other BlackRock Science and Technology Trust news, Portfolio Manager Tony Kim bought 10,264 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average price of $38.78 per share, for a total transaction of $398,037.92. Following the completion of the purchase, the portfolio manager now directly owns 41,514 shares in the company, valued at $1,609,912.92. This trade represents a 32.84 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BlackRock Science and Technology Trust Trading Up 0.8 %

Shares of BST opened at $34.13 on Thursday. The stock has a 50-day simple moving average of $36.89 and a 200-day simple moving average of $36.45. BlackRock Science and Technology Trust has a 1 year low of $31.38 and a 1 year high of $39.59.

BlackRock Science and Technology Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.25 per share. This represents a $3.00 annualized dividend and a yield of 8.79%. The ex-dividend date of this dividend is Friday, March 14th.

BlackRock Science and Technology Trust Profile

BlackRock Science and Technology Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests directly and indirectly through derivative such as options in public equity markets of countries across the globe. The fund seeks to invest in stocks of companies operating across the science and technology sector.