Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Trading 0% Higher – Should You Buy?

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) traded up 0% on Tuesday . The company traded as high as $11.93 and last traded at $11.8750. 144,961 shares traded hands during trading, a decline of 12% from the average session volume of 164,466 shares. The stock had previously closed at $11.87.

Blackstone Strategic Credit 2027 Term Fund Trading Up 0.0%

The company’s 50-day moving average is $11.85 and its two-hundred day moving average is $12.12.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Thursday, November 20th were issued a dividend of $0.078 per share. The ex-dividend date was Thursday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%.

Institutional Investors Weigh In On Blackstone Strategic Credit 2027 Term Fund

A number of institutional investors have recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC increased its position in Blackstone Strategic Credit 2027 Term Fund by 15.6% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 7,400 shares of the company’s stock worth $90,000 after buying an additional 1,000 shares in the last quarter. Kingsview Wealth Management LLC increased its holdings in Blackstone Strategic Credit 2027 Term Fund by 4.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 25,164 shares of the company’s stock worth $306,000 after acquiring an additional 1,001 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Blackstone Strategic Credit 2027 Term Fund by 1.4% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 75,509 shares of the company’s stock worth $915,000 after acquiring an additional 1,064 shares during the period. Invesco Ltd. raised its stake in Blackstone Strategic Credit 2027 Term Fund by 0.3% during the 3rd quarter. Invesco Ltd. now owns 361,916 shares of the company’s stock worth $4,405,000 after acquiring an additional 1,201 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Blackstone Strategic Credit 2027 Term Fund by 2.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 49,575 shares of the company’s stock valued at $594,000 after purchasing an additional 1,305 shares in the last quarter.

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.