BlackRock Health Sciences Trust (NYSE:BME) Stock Price Passes Above 50-Day Moving Average – Here’s Why

BlackRock Health Sciences Trust (NYSE:BME) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $41.35 and traded as high as $42.35. BlackRock Health Sciences Trust shares last traded at $41.76, with a volume of 28,236 shares trading hands.

BlackRock Health Sciences Trust Price Performance

The stock’s 50-day moving average price is $41.36 and its two-hundred day moving average price is $38.87.

BlackRock Health Sciences Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.2621 per share. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Trading of BlackRock Health Sciences Trust

Several institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its holdings in BlackRock Health Sciences Trust by 9.7% during the second quarter. Janney Montgomery Scott LLC now owns 38,475 shares of the company’s stock valued at $1,403,000 after purchasing an additional 3,401 shares in the last quarter. Wolverine Asset Management LLC raised its position in shares of BlackRock Health Sciences Trust by 30.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 61,346 shares of the company’s stock valued at $2,284,000 after purchasing an additional 14,411 shares during the period. HBK Sorce Advisory LLC lifted its stake in shares of BlackRock Health Sciences Trust by 27.1% during the 2nd quarter. HBK Sorce Advisory LLC now owns 11,602 shares of the company’s stock valued at $423,000 after buying an additional 2,476 shares in the last quarter. Cypress Capital Management LLC WY bought a new position in BlackRock Health Sciences Trust in the 2nd quarter worth $1,405,000. Finally, Legacy Wealth Managment LLC ID purchased a new stake in BlackRock Health Sciences Trust in the 2nd quarter worth $55,000.

About BlackRock Health Sciences Trust

BlackRock Health Sciences Trust (NYSE: BME) is a closed-end management investment company that seeks long-term total return through a combination of dividend income and capital appreciation. Managed by BlackRock Fund Advisors, the trust invests primarily in the equity securities of domestic and international issuers engaged in the health sciences sector. The portfolio typically includes common stocks, corporate bonds and convertible securities of companies involved in biotechnology, pharmaceuticals, medical devices and healthcare services.