Anchor Capital Management Group Inc Invests $658,000 in BlackRock Science and Technology Trust (NYSE:BST)

Anchor Capital Management Group Inc purchased a new stake in shares of BlackRock Science and Technology Trust (NYSE:BST) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 18,000 shares of the company’s stock, valued at approximately $658,000. BlackRock Science and Technology Trust makes up approximately 0.2% of Anchor Capital Management Group Inc’s holdings, making the stock its 16th biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of BST. HighTower Advisors LLC increased its position in shares of BlackRock Science and Technology Trust by 3.4% during the third 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 stake in BlackRock Science and Technology Trust in the 4th quarter worth approximately $244,000. PNC Financial Services Group Inc. boosted its holdings in BlackRock Science and Technology Trust by 124.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,446 shares of the company’s stock valued at $455,000 after purchasing an additional 6,895 shares during the period. Commonwealth Equity Services LLC grew its position in shares of BlackRock Science and Technology Trust by 7.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 42,547 shares of the company’s stock valued at $1,556,000 after purchasing an additional 2,918 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of 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 worth $625,000 after buying an additional 7,798 shares in the last quarter.

BlackRock Science and Technology Trust Stock Performance

BST stock opened at $30.08 on Friday. The company’s 50 day moving average is $35.93 and its 200 day moving average is $36.39. BlackRock Science and Technology Trust has a 1-year low of $29.86 and a 1-year high of $39.59.

BlackRock Science and Technology Trust Announces Dividend

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

Insider Activity at BlackRock Science and Technology Trust

In related news, Portfolio Manager Tony Kim bought 10,264 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was purchased at an average cost of $38.78 per share, with a total value of $398,037.92. Following the transaction, the portfolio manager now owns 41,514 shares in the company, valued at approximately $1,609,912.92. This trade represents a 32.84 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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.