Allspring Global Investments Holdings LLC Sells 34,022 Shares of BlackRock Health Sciences Term Trust (NYSE:BMEZ)

Allspring Global Investments Holdings LLC lessened its stake in BlackRock Health Sciences Term Trust (NYSE:BMEZ) by 12.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 240,563 shares of the company’s stock after selling 34,022 shares during the period. Allspring Global Investments Holdings LLC’s holdings in BlackRock Health Sciences Term Trust were worth $3,943,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BMEZ. B. Riley Wealth Advisors Inc. raised its holdings in BlackRock Health Sciences Term Trust by 4.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 17,363 shares of the company’s stock worth $250,000 after purchasing an additional 796 shares during the period. Pine Valley Investments Ltd Liability Co boosted its stake in BlackRock Health Sciences Term Trust by 6.7% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 13,088 shares of the company’s stock worth $192,000 after purchasing an additional 822 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in BlackRock Health Sciences Term Trust by 24.1% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 4,792 shares of the company’s stock worth $70,000 after purchasing an additional 930 shares in the last quarter. LPL Financial LLC raised its stake in shares of BlackRock Health Sciences Term Trust by 0.5% in the 3rd quarter. LPL Financial LLC now owns 274,665 shares of the company’s stock valued at $3,958,000 after purchasing an additional 1,231 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its position in shares of BlackRock Health Sciences Term Trust by 2.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 76,699 shares of the company’s stock worth $1,124,000 after buying an additional 1,536 shares during the period.

BlackRock Health Sciences Term Trust Price Performance

Shares of NYSE BMEZ traded down 0.03 during midday trading on Tuesday, reaching 15.37. The company’s stock had a trading volume of 19,276 shares, compared to its average volume of 297,604. BlackRock Health Sciences Term Trust has a fifty-two week low of 12.93 and a fifty-two week high of 16.59. The stock has a 50 day simple moving average of 15.12 and a 200-day simple moving average of 15.39.

BlackRock Health Sciences Term Trust Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.179 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.15 dividend on an annualized basis and a dividend yield of 13.98%. This is an increase from BlackRock Health Sciences Term Trust’s previous monthly dividend of $0.09.

BlackRock Health Sciences Term Trust 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.