HBK Investments L P Trims Stake in BlackRock Health Sciences Term Trust (NYSE:BMEZ)

HBK Investments L P lowered its stake in shares of BlackRock Health Sciences Term Trust (NYSE:BMEZ) by 20.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 115,256 shares of the company’s stock after selling 29,421 shares during the period. HBK Investments L P’s holdings in BlackRock Health Sciences Term Trust were worth $1,826,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BMEZ. Brown Brothers Harriman & Co. purchased a new stake in BlackRock Health Sciences Term Trust in the third quarter worth about $32,000. Register Financial Advisors LLC lifted its stake in shares of BlackRock Health Sciences Term Trust by 5,365.6% in the second quarter. Register Financial Advisors LLC now owns 6,832 shares of the company’s stock worth $105,000 after buying an additional 6,707 shares in the last quarter. Shaker Financial Services LLC bought a new position in shares of BlackRock Health Sciences Term Trust in the second quarter worth approximately $184,000. Comerica Bank lifted its stake in shares of BlackRock Health Sciences Term Trust by 31.1% in the first quarter. Comerica Bank now owns 15,469 shares of the company’s stock worth $254,000 after buying an additional 3,671 shares in the last quarter. Finally, Dakota Wealth Management lifted its stake in shares of BlackRock Health Sciences Term Trust by 5.3% in the second quarter. Dakota Wealth Management now owns 18,242 shares of the company’s stock worth $280,000 after buying an additional 915 shares in the last quarter.

BlackRock Health Sciences Term Trust Trading Up 1.0 %

Shares of NYSE BMEZ opened at 15.56 on Friday. The firm’s 50 day moving average price is 15.66 and its 200-day moving average price is 15.59. BlackRock Health Sciences Term Trust has a 52-week low of 13.72 and a 52-week high of 16.59.

BlackRock Health Sciences Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.1769 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.12 dividend on an annualized basis and a yield of 13.64%.

Insider Activity at BlackRock Health Sciences Term Trust

In other BlackRock Health Sciences Term Trust news, major shareholder Saba Capital Management, L.P. purchased 15,455 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were acquired at an average cost of 16.14 per share, for a total transaction of 249,443.70. Following the completion of the transaction, the insider now owns 20,601,568 shares of the company’s stock, valued at approximately 332,509,307.52. The trade was a 0.08 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 99,630 shares of company stock worth $1,585,113 over the last quarter.

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.