Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Shares Down 0.3% – Here’s What Happened

Shares of Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) traded down 0.3% during trading on Wednesday . The stock traded as low as $12.31 and last traded at $12.34. 279,445 shares changed hands during mid-day trading, an increase of 29% from the average session volume of 215,947 shares. The stock had previously closed at $12.38.

Blackstone Strategic Credit 2027 Term Fund Price Performance

The company’s 50-day moving average is $12.37 and its 200-day moving average is $12.36.

Blackstone Strategic Credit 2027 Term Fund Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a $0.089 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a dividend yield of 8.67%.

Hedge Funds Weigh In On Blackstone Strategic Credit 2027 Term Fund

Large investors have recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 104.7% in the 4th quarter. Bank of America Corp DE now owns 2,336,627 shares of the company’s stock valued at $28,577,000 after buying an additional 1,195,382 shares during the period. Pathstone Holdings LLC boosted its position in shares of Blackstone Strategic Credit 2027 Term Fund by 1.9% during the fourth quarter. Pathstone Holdings LLC now owns 1,926,617 shares of the company’s stock worth $23,570,000 after buying an additional 35,046 shares during the period. Wells Fargo & Company MN boosted its position in shares of Blackstone Strategic Credit 2027 Term Fund by 0.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,845,184 shares of the company’s stock worth $22,567,000 after buying an additional 15,506 shares during the period. HighTower Advisors LLC grew its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 1.5% during the fourth quarter. HighTower Advisors LLC now owns 868,947 shares of the company’s stock worth $10,627,000 after buying an additional 12,620 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in Blackstone Strategic Credit 2027 Term Fund by 64.7% in the 4th quarter. Advisors Asset Management Inc. now owns 739,054 shares of the company’s stock valued at $9,039,000 after buying an additional 290,237 shares during the last quarter.

Blackstone Strategic Credit 2027 Term Fund Company Profile

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.