BlackRock Health Sciences Term Trust (NYSE:BMEZ) Shares Sold by J.P. Morgan Private Wealth Advisors LLC

J.P. Morgan Private Wealth Advisors LLC trimmed its holdings in BlackRock Health Sciences Term Trust (NYSE:BMEZFree Report) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 129,379 shares of the company’s stock after selling 1,564 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in BlackRock Health Sciences Term Trust were worth $1,864,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in BMEZ. Bank of America Corp DE boosted its stake in shares of BlackRock Health Sciences Term Trust by 0.9% during the 1st quarter. Bank of America Corp DE now owns 2,551,535 shares of the company’s stock worth $42,636,000 after purchasing an additional 21,553 shares during the last quarter. Karpus Management Inc. boosted its position in shares of BlackRock Health Sciences Term Trust by 4.1% in the second quarter. Karpus Management Inc. now owns 856,797 shares of the company’s stock worth $14,069,000 after acquiring an additional 33,677 shares during the last quarter. Logan Stone Capital LLC boosted its position in shares of BlackRock Health Sciences Term Trust by 33.2% in the fourth quarter. Logan Stone Capital LLC now owns 338,129 shares of the company’s stock worth $5,217,000 after acquiring an additional 84,373 shares during the last quarter. LPL Financial LLC boosted its position in shares of BlackRock Health Sciences Term Trust by 27.8% in the second quarter. LPL Financial LLC now owns 273,434 shares of the company’s stock worth $4,490,000 after acquiring an additional 59,446 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of BlackRock Health Sciences Term Trust in the third quarter worth approximately $3,827,000.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. bought 100,354 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were acquired at an average cost of 15.81 per share, with a total value of 1,586,596.74. Following the completion of the transaction, the insider now owns 18,860,283 shares of the company’s stock, valued at 298,181,074.23. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have purchased 3,558,992 shares of company stock valued at $51,749,152.

BlackRock Health Sciences Term Trust Price Performance

BMEZ opened at 15.98 on Friday. The company’s 50 day simple moving average is 14.92 and its 200 day simple moving average is 14.69. BlackRock Health Sciences Term Trust has a 1 year low of 12.93 and a 1 year high of 16.95.

BlackRock Health Sciences Term Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, February 29th. Investors of record on Thursday, February 15th will be given a $0.09 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 6.76%.

BlackRock Health Sciences Term Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BlackRock Health Sciences Term Trust (NYSE:BMEZ)

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