BlackRock Health Sciences Term Trust (NYSE:BMEZ) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its position in BlackRock Health Sciences Term Trust (NYSE:BMEZ) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 372,212 shares of the company’s stock after selling 42,134 shares during the quarter. Stifel Financial Corp’s holdings in BlackRock Health Sciences Term Trust were worth $5,360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of BlackRock Health Sciences Term Trust during the fourth quarter valued at approximately $10,869,000. Absolute Investment Advisers LLC bought a new stake in BlackRock Health Sciences Term Trust during the 4th quarter valued at $3,941,000. Wolverine Asset Management LLC boosted its position in BlackRock Health Sciences Term Trust by 496.1% during the 4th quarter. Wolverine Asset Management LLC now owns 187,617 shares of the company’s stock worth $2,702,000 after acquiring an additional 156,141 shares during the period. Sit Investment Associates Inc. boosted its position in BlackRock Health Sciences Term Trust by 7.9% during the 4th quarter. Sit Investment Associates Inc. now owns 1,724,706 shares of the company’s stock worth $24,836,000 after acquiring an additional 125,599 shares during the period. Finally, Brooklyn FI LLC bought a new position in shares of BlackRock Health Sciences Term Trust in the fourth quarter worth $826,000.

BlackRock Health Sciences Term Trust Stock Performance

Shares of NYSE BMEZ opened at $14.28 on Wednesday. The firm’s 50-day simple moving average is $14.68 and its 200 day simple moving average is $15.27. BlackRock Health Sciences Term Trust has a fifty-two week low of $12.58 and a fifty-two week high of $16.75.

BlackRock Health Sciences Term Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.174 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $2.09 dividend on an annualized basis and a dividend yield of 14.62%.

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.