LPL Financial LLC Trims Stake in BlackRock Science and Technology Trust (NYSE:BST)

LPL Financial LLC lowered its holdings in BlackRock Science and Technology Trust (NYSE:BST) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 247,071 shares of the company’s stock after selling 13,117 shares during the period. LPL Financial LLC’s holdings in BlackRock Science and Technology Trust were worth $9,033,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. HighTower Advisors LLC raised its stake in BlackRock Science and Technology Trust by 3.4% in the third quarter. HighTower Advisors LLC now owns 31,058 shares of the company’s stock valued at $1,098,000 after purchasing an additional 1,031 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of BlackRock Science and Technology Trust during the 4th quarter valued at $244,000. PNC Financial Services Group Inc. grew its position in BlackRock Science and Technology Trust by 124.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,446 shares of the company’s stock worth $455,000 after acquiring an additional 6,895 shares in the last quarter. Commonwealth Equity Services LLC grew its position in BlackRock Science and Technology Trust by 7.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 42,547 shares of the company’s stock worth $1,556,000 after acquiring an additional 2,918 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its stake in BlackRock Science and Technology Trust by 83.5% in the third quarter. Sanctuary Advisors LLC now owns 17,137 shares of the company’s stock valued at $625,000 after acquiring an additional 7,798 shares during the last quarter.

BlackRock Science and Technology Trust Stock Down 7.9 %

Shares of BST stock opened at $30.08 on Friday. The business has a 50-day moving average price of $35.93 and a two-hundred day moving average price of $36.39. BlackRock Science and Technology Trust has a 12-month low of $29.86 and a 12-month high of $39.59.

BlackRock Science and Technology Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a $0.25 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $3.00 dividend on an annualized basis and a yield of 9.97%.

Insiders Place Their Bets

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 shares were bought at an average price of $38.78 per share, for a total transaction of $398,037.92. Following the transaction, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

About BlackRock Science and Technology Trust

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.