Yakira Capital Management Inc. Invests $153,000 in BlackRock Health Sciences Term Trust (NYSE:BMEZ)

Yakira Capital Management Inc. purchased a new stake in BlackRock Health Sciences Term Trust (NYSE:BMEZ) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,603 shares of the company’s stock, valued at approximately $153,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sit Investment Associates Inc. raised its position in shares of BlackRock Health Sciences Term Trust by 7.9% in the 4th quarter. Sit Investment Associates Inc. now owns 1,724,706 shares of the company’s stock valued at $24,836,000 after buying an additional 125,599 shares in the last quarter. Raymond James Financial Inc. bought a new position in BlackRock Health Sciences Term Trust in the fourth quarter valued at approximately $10,869,000. Stifel Financial Corp raised its position in BlackRock Health Sciences Term Trust by 2.2% during the third quarter. Stifel Financial Corp now owns 414,346 shares of the company’s stock valued at $6,563,000 after purchasing an additional 8,843 shares in the last quarter. Absolute Investment Advisers LLC bought a new stake in BlackRock Health Sciences Term Trust during the fourth quarter worth $3,941,000. Finally, Wolverine Asset Management LLC boosted its holdings in shares of BlackRock Health Sciences Term Trust by 496.1% in the 4th quarter. Wolverine Asset Management LLC now owns 187,617 shares of the company’s stock valued at $2,702,000 after purchasing an additional 156,141 shares in the last quarter.

BlackRock Health Sciences Term Trust Trading Down 5.0 %

Shares of BMEZ opened at $13.60 on Friday. BlackRock Health Sciences Term Trust has a 52-week low of $13.52 and a 52-week high of $16.75. The business’s fifty day moving average is $15.59 and its 200-day moving average is $15.53.

BlackRock Health Sciences Term Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.174 dividend. This represents a $2.09 dividend on an annualized basis and a yield of 15.35%. The ex-dividend date is Tuesday, April 15th.

About BlackRock Health Sciences Term Trust

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.