Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Shares Cross Above 50 Day Moving Average – What’s Next?

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL)’s stock price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $12.92 and traded as high as $12.97. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $12.9640, with a volume of 17,705 shares.

Blackstone Senior Floating Rate 2027 Term Fund Trading Up 0.5%

The company’s fifty day simple moving average is $12.92 and its 200-day simple moving average is $13.00.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be given a dividend of $0.0840 per share. This represents a $1.01 annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Friday, November 20th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the second quarter valued at approximately $32,000. Royal Bank of Canada boosted its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 14.2% in the first quarter. Royal Bank of Canada now owns 18,717 shares of the company’s stock worth $241,000 after acquiring an additional 2,332 shares during the last quarter. NTV Asset Management LLC acquired a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the third quarter worth approximately $274,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the second quarter worth approximately $424,000. Finally, Comprehensive Money Management Services LLC purchased a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund during the second quarter worth approximately $431,000.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a diversified, closed-end management investment company. The fund seeks to provide investors with current income and, to a lesser extent, capital appreciation by investing primarily in senior secured, floating-rate loans and other debt securities. Its portfolio generally consists of loans made to U.S. and non-U.S. companies, including investments in senior secured corporate loans, floating-rate notes and other credit instruments. The fund may also invest in subordinated debt, unsecured loans and other fixed-income securities, subject to its investment policies.