BlackRock Health Sciences Trust (NYSE:BME) Shares Pass Below Fifty Day Moving Average – Here’s Why

BlackRock Health Sciences Trust (NYSE:BME) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $39.90 and traded as low as $38.96. BlackRock Health Sciences Trust shares last traded at $39.26, with a volume of 33,077 shares traded.

BlackRock Health Sciences Trust Price Performance

The stock has a 50-day moving average of $39.90 and a 200 day moving average of $40.06.

BlackRock Health Sciences Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.2621 per share. This represents a $3.15 dividend on an annualized basis and a dividend yield of 8.01%. The ex-dividend date of this dividend is Friday, March 14th.

Hedge Funds Weigh In On BlackRock Health Sciences Trust

Institutional investors have recently modified their holdings of the business. Ameriflex Group Inc. bought a new position in BlackRock Health Sciences Trust in the fourth quarter valued at about $41,000. Comerica Bank grew its holdings in shares of BlackRock Health Sciences Trust by 13.1% during the 4th quarter. Comerica Bank now owns 4,454 shares of the company’s stock valued at $169,000 after purchasing an additional 517 shares during the last quarter. First Trust Advisors LP increased its position in BlackRock Health Sciences Trust by 6.1% during the 4th quarter. First Trust Advisors LP now owns 6,856 shares of the company’s stock worth $260,000 after purchasing an additional 393 shares in the last quarter. HBK Sorce Advisory LLC lifted its stake in BlackRock Health Sciences Trust by 14.8% in the 4th quarter. HBK Sorce Advisory LLC now owns 8,194 shares of the company’s stock valued at $311,000 after purchasing an additional 1,057 shares during the last quarter. Finally, Yakira Capital Management Inc. acquired a new stake in BlackRock Health Sciences Trust in the fourth quarter valued at approximately $322,000.

BlackRock Health Sciences Trust Company Profile

BlackRock Health Sciences Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the health sciences and related sectors, which include businesses involved in researching, developing, producing, distributing or delivering medical, dental, optical, pharmaceutical or biotechnology products, supplies, equipment, or services.