Raymond James Financial Inc. Makes New $3.25 Million Investment in BlackRock Health Sciences Trust (NYSE:BME)

Raymond James Financial Inc. acquired a new stake in shares of BlackRock Health Sciences Trust (NYSE:BME) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 85,684 shares of the company’s stock, valued at approximately $3,250,000.

Several other institutional investors have also recently modified their holdings of BME. Hara Capital LLC acquired a new position in shares of BlackRock Health Sciences Trust during the 4th quarter worth approximately $832,000. AlphaStar Capital Management LLC purchased a new position in shares of BlackRock Health Sciences Trust during the 4th quarter worth $878,000. Janney Montgomery Scott LLC lifted its holdings in shares of BlackRock Health Sciences Trust by 40.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 32,787 shares of the company’s stock worth $1,244,000 after acquiring an additional 9,455 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its holdings in shares of BlackRock Health Sciences Trust by 29.1% in the 4th quarter. Wolverine Asset Management LLC now owns 110,493 shares of the company’s stock valued at $4,191,000 after buying an additional 24,928 shares during the period.

BlackRock Health Sciences Trust Price Performance

Shares of NYSE:BME opened at $38.69 on Friday. BlackRock Health Sciences Trust has a 52 week low of $36.87 and a 52 week high of $42.64. The company’s 50 day moving average is $39.89 and its two-hundred day moving average is $40.03.

BlackRock Health Sciences Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.2621 dividend. This represents a $3.15 dividend on an annualized basis and a yield of 8.13%. The ex-dividend date of this dividend is Friday, March 14th.

BlackRock Health Sciences Trust Profile

BlackRock Health Sciences Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the health sciences and related sectors, which include businesses involved in researching, developing, producing, distributing or delivering medical, dental, optical, pharmaceutical or biotechnology products, supplies, equipment, or services.