BlackRock Health Sciences Term Trust (NYSE:BMEZ) Major Shareholder Saba Capital Management, L.P. Acquires 27,148 Shares

BlackRock Health Sciences Term Trust (NYSE:BMEZ) major shareholder Saba Capital Management, L.P. purchased 27,148 shares of BlackRock Health Sciences Term Trust stock in a transaction on Tuesday, September 17th. The stock was bought at an average price of 15.93 per share, for a total transaction of 432,467.64. Following the completion of the acquisition, the insider now owns 20,565,579 shares in the company, valued at approximately 327,609,673.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

BlackRock Health Sciences Term Trust Trading Up 1.2 %

NYSE:BMEZ opened at 16.12 on Friday. The business’s 50-day moving average is 15.83 and its 200 day moving average is 15.56. BlackRock Health Sciences Term Trust has a 12 month low of 12.93 and a 12 month high of 16.59.

BlackRock Health Sciences Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.176 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 13.10%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. lifted its position in BlackRock Health Sciences Term Trust by 21.7% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 5,830 shares of the company’s stock valued at $96,000 after purchasing an additional 1,038 shares during the last quarter. Register Financial Advisors LLC boosted its holdings in shares of BlackRock Health Sciences Term Trust by 5,365.6% in the 2nd quarter. Register Financial Advisors LLC now owns 6,832 shares of the company’s stock worth $105,000 after purchasing an additional 6,707 shares during the period. Shaker Financial Services LLC bought a new position in shares of BlackRock Health Sciences Term Trust during the 2nd quarter valued at approximately $184,000. Pine Valley Investments Ltd Liability Co raised its holdings in BlackRock Health Sciences Term Trust by 6.7% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 13,088 shares of the company’s stock valued at $192,000 after buying an additional 822 shares during the period. Finally, Comerica Bank lifted its position in BlackRock Health Sciences Term Trust by 31.1% in the first quarter. Comerica Bank now owns 15,469 shares of the company’s stock worth $254,000 after buying an additional 3,671 shares during the last quarter.

BlackRock Health Sciences Term Trust Company Profile

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.