Readystate Asset Management LP Sells 308,023 Shares of BlackRock Health Sciences Term Trust $BMEZ

Readystate Asset Management LP cut its holdings in BlackRock Health Sciences Term Trust (NYSE:BMEZ) by 95.9% in the first quarter, Holdings Channel reports. The fund owned 13,236 shares of the company’s stock after selling 308,023 shares during the quarter. Readystate Asset Management LP’s holdings in BlackRock Health Sciences Term Trust were worth $190,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in shares of BlackRock Health Sciences Term Trust in the 4th quarter valued at about $26,000. SouthState Bank Corp purchased a new stake in shares of BlackRock Health Sciences Term Trust in the 1st quarter worth approximately $29,000. PNC Financial Services Group Inc. bought a new position in shares of BlackRock Health Sciences Term Trust during the first quarter valued at approximately $35,000. Geneos Wealth Management Inc. bought a new position in shares of BlackRock Health Sciences Term Trust during the first quarter valued at approximately $40,000. Finally, Allworth Financial LP increased its holdings in BlackRock Health Sciences Term Trust by 24,584.6% during the third quarter. Allworth Financial LP now owns 3,209 shares of the company’s stock valued at $46,000 after buying an additional 3,196 shares during the period.

BlackRock Health Sciences Term Trust Price Performance

Shares of NYSE:BMEZ opened at $15.48 on Thursday. BlackRock Health Sciences Term Trust has a 52 week low of $13.67 and a 52 week high of $15.80. The firm has a 50 day moving average of $14.91 and a 200 day moving average of $14.73.

BlackRock Health Sciences Term Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.11 per share. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock Health Sciences Term Trust Company Profile

BlackRock Health Sciences Term Trust (NYSE: BMEZ) is a closed-end management investment company organized as a Delaware statutory trust. Launched in March 2020, BMEZ seeks to provide total return through a combination of current income and capital appreciation by investing primarily in equity and equity-related securities of companies in the health sciences sector. The trust is structured with a fixed termination date in October 2030, at which time shareholders will vote on its liquidation, extension or conversion.

The fund’s investment portfolio is diversified across subsectors within health sciences, including biotechnology, pharmaceuticals, medical devices, diagnostics and healthcare services.