BlackRock Health Sciences Trust (NYSE:BME) Stock Crosses Above 50-Day Moving Average – What’s Next?

BlackRock Health Sciences Trust (NYSE:BME) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $39.39 and traded as high as $40.77. BlackRock Health Sciences Trust shares last traded at $40.3320, with a volume of 49,467 shares traded.

BlackRock Health Sciences Trust Trading Down 0.4%

The company’s fifty day moving average price is $39.39 and its 200 day moving average price is $40.55.

BlackRock Health Sciences Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.2621 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 7.8%.

Institutional Trading of BlackRock Health Sciences Trust

Large investors have recently made changes to their positions in the company. Sound Income Strategies LLC acquired a new stake in shares of BlackRock Health Sciences Trust during the 1st quarter worth approximately $36,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of BlackRock Health Sciences Trust by 22.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,417 shares of the company’s stock worth $53,000 after acquiring an additional 257 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of BlackRock Health Sciences Trust during the 1st quarter worth approximately $180,000. Geneos Wealth Management Inc. boosted its position in shares of BlackRock Health Sciences Trust by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 4,899 shares of the company’s stock worth $179,000 after acquiring an additional 3,266 shares in the last quarter. Finally, Money Concepts Capital Corp acquired a new stake in shares of BlackRock Health Sciences Trust during the 1st quarter worth approximately $209,000.

About BlackRock Health Sciences Trust

BlackRock Health Sciences Trust (NYSE: BME) is a closed-end management investment company that seeks long-term total return through a combination of dividend income and capital appreciation. Managed by BlackRock Fund Advisors, the trust invests primarily in the equity securities of domestic and international issuers engaged in the health sciences sector. The portfolio typically includes common stocks, corporate bonds and convertible securities of companies involved in biotechnology, pharmaceuticals, medical devices and healthcare services.