Kingswood Wealth Advisors LLC Takes $420,000 Position in BlackRock Health Sciences Term Trust (NYSE:BMEZ)

Kingswood Wealth Advisors LLC bought a new stake in BlackRock Health Sciences Term Trust (NYSE:BMEZ) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 29,134 shares of the company’s stock, valued at approximately $420,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BMEZ. Sanctuary Advisors LLC bought a new position in BlackRock Health Sciences Term Trust in the second quarter valued at about $3,179,000. Brown Lisle Cummings Inc. boosted its holdings in BlackRock Health Sciences Term Trust by 6.2% in the third quarter. Brown Lisle Cummings Inc. now owns 36,513 shares of the company’s stock valued at $578,000 after acquiring an additional 2,128 shares during the last quarter. Dakota Wealth Management boosted its holdings in BlackRock Health Sciences Term Trust by 23.4% in the third quarter. Dakota Wealth Management now owns 22,509 shares of the company’s stock valued at $357,000 after acquiring an additional 4,267 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in BlackRock Health Sciences Term Trust by 0.6% in the third quarter. Oppenheimer & Co. Inc. now owns 204,354 shares of the company’s stock valued at $3,237,000 after acquiring an additional 1,153 shares during the last quarter. Finally, Penserra Capital Management LLC bought a new position in BlackRock Health Sciences Term Trust in the third quarter valued at about $15,390,000.

BlackRock Health Sciences Term Trust Trading Up 1.3 %

BlackRock Health Sciences Term Trust stock opened at $16.60 on Friday. The business’s 50-day simple moving average is $15.40 and its 200 day simple moving average is $15.64. BlackRock Health Sciences Term Trust has a 12-month low of $14.27 and a 12-month high of $16.65.

BlackRock Health Sciences Term Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.1782 dividend. This represents a $2.14 annualized dividend and a yield of 12.88%. The ex-dividend date of this dividend is Wednesday, January 15th.

About BlackRock Health Sciences Term Trust

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.