BlackRock Health Sciences Term Trust (NYSE:BMEZ) Plans Monthly Dividend of $0.11

BlackRock Health Sciences Term Trust (NYSE:BMEZ) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, February 13th will be paid a dividend of 0.11 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date is Friday, February 13th.

BlackRock Health Sciences Term Trust Trading Down 0.4%

Shares of BMEZ stock traded down $0.06 during trading hours on Wednesday, hitting $15.02. 44,197 shares of the company were exchanged, compared to its average volume of 331,608. The firm has a fifty day moving average of $15.26 and a 200 day moving average of $14.81. BlackRock Health Sciences Term Trust has a 1 year low of $12.58 and a 1 year high of $16.20.

Insiders Place Their Bets

In other BlackRock Health Sciences Term Trust news, Director Robert W. Fairbairn sold 10,294 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $14.98, for a total transaction of $154,204.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. increased its holdings in BlackRock Health Sciences Term Trust by 42.7% during the 3rd quarter. Invesco Ltd. now owns 929,121 shares of the company’s stock worth $13,398,000 after purchasing an additional 278,024 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in shares of BlackRock Health Sciences Term Trust by 5,782.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 224,518 shares of the company’s stock valued at $3,238,000 after buying an additional 220,701 shares during the last quarter. Readystate Asset Management LP grew its position in shares of BlackRock Health Sciences Term Trust by 664.6% during the third quarter. Readystate Asset Management LP now owns 247,074 shares of the company’s stock worth $3,563,000 after buying an additional 214,761 shares in the last quarter. Shaker Financial Services LLC bought a new stake in shares of BlackRock Health Sciences Term Trust in the third quarter worth $2,654,000. Finally, Penserra Capital Management LLC raised its holdings in BlackRock Health Sciences Term Trust by 15.2% in the third quarter. Penserra Capital Management LLC now owns 1,332,633 shares of the company’s stock valued at $19,216,000 after acquiring an additional 175,629 shares in the last quarter.

About BlackRock Health Sciences Term Trust

BlackRock Health Sciences Term Trust (NYSE: BMEZ) is a closed-end management investment company organized as a Delaware statutory trust. Launched in March 2020, BMEZ seeks to provide total return through a combination of current income and capital appreciation by investing primarily in equity and equity-related securities of companies in the health sciences sector. The trust is structured with a fixed termination date in October 2030, at which time shareholders will vote on its liquidation, extension or conversion.

The fund’s investment portfolio is diversified across subsectors within health sciences, including biotechnology, pharmaceuticals, medical devices, diagnostics and healthcare services.