Wells Fargo & Company MN reduced its stake in shares of BlackRock Health Sciences Term Trust (NYSE:BMEZ – Free Report) by 25.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 803,406 shares of the company’s stock after selling 273,197 shares during the quarter. Wells Fargo & Company MN’s holdings in BlackRock Health Sciences Term Trust were worth $11,770,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of BMEZ. Benjamin F. Edwards & Company Inc. boosted its stake in BlackRock Health Sciences Term Trust by 24.1% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 4,792 shares of the company’s stock worth $70,000 after acquiring an additional 930 shares during the last quarter. Stratos Wealth Advisors LLC acquired a new position in shares of BlackRock Health Sciences Term Trust in the 4th quarter valued at $170,000. CWM LLC increased its position in shares of BlackRock Health Sciences Term Trust by 1,212,300.0% in the 4th quarter. CWM LLC now owns 12,124 shares of the company’s stock valued at $178,000 after buying an additional 12,123 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in BlackRock Health Sciences Term Trust by 4.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,363 shares of the company’s stock worth $250,000 after buying an additional 796 shares during the period. Finally, Kingswood Wealth Advisors LLC bought a new position in BlackRock Health Sciences Term Trust during the fourth quarter worth about $295,000.
BlackRock Health Sciences Term Trust Price Performance
NYSE:BMEZ opened at 15.27 on Monday. The stock has a 50-day moving average price of 15.25 and a two-hundred day moving average price of 15.21. BlackRock Health Sciences Term Trust has a 1 year low of 12.93 and a 1 year high of 16.59.
BlackRock Health Sciences Term Trust Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.179 per share. This is an increase from BlackRock Health Sciences Term Trust’s previous monthly dividend of $0.09. This represents a $2.15 annualized dividend and a yield of 14.07%. The ex-dividend date of this dividend is Friday, June 14th.
Insider Buying and Selling at BlackRock Health Sciences Term Trust
In related news, major shareholder Saba Capital Management, L.P. acquired 129,372 shares of the stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of 16.32 per share, with a total value of 2,111,351.04. Following the completion of the transaction, the insider now directly owns 20,475,713 shares of the company’s stock, valued at 334,163,636.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have purchased 192,090 shares of company stock valued at $3,135,536.
About BlackRock Health Sciences Term Trust
BlackRock Health Sciences Trust II’s (BMEZ) (the ‘Trust’) investment objective is to provide total return and income through a combination of current income, current gains and long-term capital appreciation. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its total assets in equity securities of companies principally engaged in the health sciences group of industries and equity derivatives with exposure to the health sciences group of industries.
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Source: defenseworld.net
