Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Stock Passes Above 200-Day Moving Average of $13.94

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.94 and traded as high as $14.20. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $14.20, with a volume of 53,723 shares trading hands.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

The stock has a 50 day moving average price of $14.11 and a 200 day moving average price of $13.94.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 23rd will be paid a $0.114 dividend. The ex-dividend date is Friday, August 23rd. This represents a $1.37 annualized dividend and a yield of 9.63%.

Institutional Investors Weigh In On Blackstone Senior Floating Rate 2027 Term Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BSL. Future Financial Wealth Managment LLC purchased a new position in Blackstone Senior Floating Rate 2027 Term Fund during the first quarter valued at approximately $60,000. Signaturefd LLC grew its position in Blackstone Senior Floating Rate 2027 Term Fund by 382.2% in the fourth quarter. Signaturefd LLC now owns 10,508 shares of the company’s stock worth $140,000 after acquiring an additional 8,329 shares in the last quarter. Gilliland Jeter Wealth Management LLC bought a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the 4th quarter valued at about $146,000. Ieq Capital LLC bought a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 4th quarter worth approximately $149,000. Finally, Avidian Wealth Solutions LLC bought a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the first quarter worth $166,000.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

Blackstone Senior Floating Rate 2027 Term Fund is a closed-ended fixed income mutual fund launched by The Blackstone Group L.P. It is managed by GSO / Blackstone Debt Funds Management LLC. The fund invests in the fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.