Insigneo Advisory Services LLC Sells 10,067 Shares of BlackRock Health Sciences Term Trust (NYSE:BMEZ)

Insigneo Advisory Services LLC decreased its holdings in shares of BlackRock Health Sciences Term Trust (NYSE:BMEZ) by 41.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,429 shares of the company’s stock after selling 10,067 shares during the quarter. Insigneo Advisory Services LLC’s holdings in BlackRock Health Sciences Term Trust were worth $215,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Estabrook Capital Management acquired a new position in shares of BlackRock Health Sciences Term Trust during the fourth quarter worth approximately $35,000. Elequin Capital LP bought a new position in BlackRock Health Sciences Term Trust during the fourth quarter worth $84,000. Yakira Capital Management Inc. acquired a new position in BlackRock Health Sciences Term Trust during the 4th quarter valued at $153,000. Virtu Financial LLC acquired a new position in BlackRock Health Sciences Term Trust during the 4th quarter valued at $206,000. Finally, K2 Principal Fund L.P. boosted its holdings in BlackRock Health Sciences Term Trust by 62.7% in the 4th quarter. K2 Principal Fund L.P. now owns 16,271 shares of the company’s stock valued at $234,000 after purchasing an additional 6,271 shares during the period.

BlackRock Health Sciences Term Trust Stock Performance

NYSE:BMEZ opened at $14.21 on Friday. The firm’s 50-day moving average is $14.33 and its 200-day moving average is $14.99. BlackRock Health Sciences Term Trust has a 52-week low of $12.58 and a 52-week high of $16.75.

BlackRock Health Sciences Term Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.169 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.03 annualized dividend and a yield of 14.27%.

BlackRock Health Sciences Term Trust Company Profile

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.