Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Shares Up 0.3% – Here’s Why

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB)’s share price was up 0.3% during mid-day trading on Wednesday . The stock traded as high as $12.61 and last traded at $12.60. Approximately 223,257 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 212,350 shares. The stock had previously closed at $12.56.

Blackstone Strategic Credit 2027 Term Fund Trading Up 0.1 %

The company has a 50 day moving average of $12.38 and a two-hundred day moving average of $12.29.

Blackstone Strategic Credit 2027 Term Fund Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be issued a $0.089 dividend. This represents a dividend yield of 8.67%. The ex-dividend date is Friday, February 21st.

Institutional Investors Weigh In On Blackstone Strategic Credit 2027 Term Fund

Several hedge funds have recently made changes to their positions in BGB. Invictus Private Wealth LLC increased its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 1.7% in the third quarter. Invictus Private Wealth LLC now owns 53,919 shares of the company’s stock worth $664,000 after acquiring an additional 904 shares during the last quarter. Moors & Cabot Inc. increased its position in Blackstone Strategic Credit 2027 Term Fund by 7.2% in the 4th quarter. Moors & Cabot Inc. now owns 14,475 shares of the company’s stock worth $177,000 after purchasing an additional 975 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in Blackstone Strategic Credit 2027 Term Fund by 1.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 69,653 shares of the company’s stock worth $858,000 after purchasing an additional 1,020 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 14.6% during the 3rd quarter. Avior Wealth Management LLC now owns 24,315 shares of the company’s stock worth $300,000 after purchasing an additional 3,091 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 2.9% during the 2nd quarter. Cetera Investment Advisers now owns 120,777 shares of the company’s stock valued at $1,436,000 after buying an additional 3,387 shares during the last quarter.

About Blackstone Strategic Credit 2027 Term Fund

Blackstone Strategic Credit 2027 Term Fund is a close ended fixed income mutual fund launched and managed by GSO / Blackstone Debt Funds Management LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in the loans and other fixed income instruments including first- and second-lien secured loans and high-yield corporate bonds of different maturities.