BlackRock Science and Technology Trust II (NASDAQ:BSTZ) Stake Lessened by Truist Financial Corp

Truist Financial Corp lessened its stake in BlackRock Science and Technology Trust II (NASDAQ:BSTZ – Get Rating) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,150 shares of the company’s stock after selling 649 shares during the period. Truist Financial Corp’s holdings in BlackRock Science and Technology Trust II were worth $1,203,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Selective Wealth Management Inc. bought a new stake in shares of BlackRock Science and Technology Trust II in the third quarter worth $26,000. Wedbush Securities Inc. increased its stake in BlackRock Science and Technology Trust II by 3.3% during the third quarter. Wedbush Securities Inc. now owns 39,919 shares of the company’s stock valued at $704,000 after purchasing an additional 1,267 shares during the last quarter. B. Riley Wealth Management Inc. increased its stake in BlackRock Science and Technology Trust II by 70.4% during the second quarter. B. Riley Wealth Management Inc. now owns 11,905 shares of the company’s stock valued at $233,000 after purchasing an additional 4,919 shares during the last quarter. Creative Planning bought a new stake in BlackRock Science and Technology Trust II during the second quarter valued at $245,000. Finally, Karpus Management Inc. increased its stake in BlackRock Science and Technology Trust II by 126.6% during the second quarter. Karpus Management Inc. now owns 332,853 shares of the company’s stock valued at $6,521,000 after purchasing an additional 185,969 shares during the last quarter.

BlackRock Science and Technology Trust II Trading Down 0.5 %

BSTZ stock opened at $17.00 on Friday. BlackRock Science and Technology Trust II has a 1-year low of $15.30 and a 1-year high of $32.96. The firm has a fifty day moving average price of $16.74 and a two-hundred day moving average price of $18.58.

BlackRock Science and Technology Trust II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 13th will be issued a dividend of $0.192 per share. This represents a $2.30 annualized dividend and a dividend yield of 13.55%. The ex-dividend date is Thursday, January 12th.

BlackRock Science and Technology Trust II Company Profile

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BlackRock Science and Technology Trust II, is a limited-term closed-end equity fund. BSTZ commenced operations in June 2019 with the investment objectives of providing total return and income through a combination of current income, current gains and long-term capital appreciation. Under normal market conditions, the Trust will invest at least 80% of its total assets in equity securities issued by U.S.