Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Stock Price Up 0.2%

Shares of Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) were up 0.2% during mid-day trading on Monday . The stock traded as high as $11.72 and last traded at $11.69. Approximately 91,929 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 152,156 shares. The stock had previously closed at $11.67.

Blackstone Strategic Credit 2027 Term Fund Stock Up 0.2 %

The stock has a fifty day simple moving average of $11.77 and a 200 day simple moving average of $11.37.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 23rd will be issued a $0.093 dividend. This represents a $1.12 annualized dividend and a yield of 9.55%. The ex-dividend date of this dividend is Wednesday, May 22nd.

Institutional Trading of Blackstone Strategic Credit 2027 Term Fund

Large investors have recently modified their holdings of the company. Advisor Partners II LLC purchased a new position in Blackstone Strategic Credit 2027 Term Fund during the third quarter valued at $3,752,000. HighTower Advisors LLC raised its stake in Blackstone Strategic Credit 2027 Term Fund by 421.8% during the 3rd quarter. HighTower Advisors LLC now owns 379,789 shares of the company’s stock worth $4,175,000 after acquiring an additional 307,005 shares during the period. Transcend Capital Advisors LLC lifted its holdings in Blackstone Strategic Credit 2027 Term Fund by 154.5% during the fourth quarter. Transcend Capital Advisors LLC now owns 291,854 shares of the company’s stock valued at $3,304,000 after purchasing an additional 177,166 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Blackstone Strategic Credit 2027 Term Fund by 19.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 712,818 shares of the company’s stock worth $7,834,000 after purchasing an additional 113,905 shares during the period. Finally, Alpine Global Management LLC bought a new stake in shares of Blackstone Strategic Credit 2027 Term Fund during the 3rd quarter valued at $1,073,000.

About Blackstone Strategic Credit 2027 Term Fund

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.