BlackRock Health Sciences Trust (NYSE:BME) Share Price Passes Below Fifty Day Moving Average – Here’s Why

BlackRock Health Sciences Trust (NYSE:BME) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $39.01 and traded as low as $38.63. BlackRock Health Sciences Trust shares last traded at $39.27, with a volume of 50,347 shares traded.

BlackRock Health Sciences Trust Trading Up 0.3 %

The company has a 50-day moving average price of $38.99 and a 200-day moving average price of $40.56.

BlackRock Health Sciences Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.2621 per share. This represents a $3.15 dividend on an annualized basis and a yield of 8.05%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Investors Weigh In On BlackRock Health Sciences Trust

Large investors have recently bought and sold shares of the company. Consolidated Portfolio Review Corp grew its holdings in shares of BlackRock Health Sciences Trust by 7.2% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 42,574 shares of the company’s stock valued at $1,785,000 after buying an additional 2,853 shares during the period. Fountainhead AM LLC bought a new position in BlackRock Health Sciences Trust during the third quarter worth about $204,000. Logan Stone Capital LLC acquired a new position in BlackRock Health Sciences Trust in the second quarter valued at about $600,000. International Assets Investment Management LLC acquired a new position in BlackRock Health Sciences Trust in the third quarter valued at about $8,610,000. Finally, Wolverine Asset Management LLC increased its holdings in shares of BlackRock Health Sciences Trust by 42.4% in the third quarter. Wolverine Asset Management LLC now owns 85,565 shares of the company’s stock worth $3,588,000 after acquiring an additional 25,457 shares in the last quarter.

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.