Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Shares Up 0.6% – Should You Buy?

Shares of Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) traded up 0.6% on Monday . The stock traded as high as $11.95 and last traded at $11.91. 228,617 shares traded hands during mid-day trading, an increase of 20% from the average session volume of 190,451 shares. The stock had previously closed at $11.84.

Blackstone Strategic Credit 2027 Term Fund Price Performance

The firm has a 50-day simple moving average of $11.79 and a two-hundred day simple moving average of $12.18.

Blackstone Strategic Credit 2027 Term Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were paid a dividend of $0.089 per share. The ex-dividend date was Monday, March 24th. This represents a yield of 8.83%.

Institutional Trading of Blackstone Strategic Credit 2027 Term Fund

Several hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. boosted its stake in Blackstone Strategic Credit 2027 Term Fund by 30.0% during the 1st quarter. Invesco Ltd. now owns 329,673 shares of the company’s stock valued at $3,982,000 after purchasing an additional 76,089 shares during the period. Shaker Financial Services LLC boosted its stake in Blackstone Strategic Credit 2027 Term Fund by 45.9% during the 1st quarter. Shaker Financial Services LLC now owns 124,791 shares of the company’s stock valued at $1,507,000 after purchasing an additional 39,244 shares during the period. Moors & Cabot Inc. boosted its stake in Blackstone Strategic Credit 2027 Term Fund by 32.5% during the 1st quarter. Moors & Cabot Inc. now owns 19,175 shares of the company’s stock valued at $232,000 after purchasing an additional 4,700 shares during the period. Invictus Private Wealth LLC boosted its stake in Blackstone Strategic Credit 2027 Term Fund by 2.9% during the 1st quarter. Invictus Private Wealth LLC now owns 56,339 shares of the company’s stock valued at $681,000 after purchasing an additional 1,606 shares during the period. Finally, Readystate Asset Management LP bought a new stake in Blackstone Strategic Credit 2027 Term Fund during the 1st quarter valued at approximately $469,000.

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.