Saba Capital Management, L.P. Acquires 27,148 Shares of BlackRock Health Sciences Term Trust (NYSE:BMEZ) Stock

BlackRock Health Sciences Term Trust (NYSE:BMEZ) major shareholder Saba Capital Management, L.P. acquired 27,148 shares of BlackRock Health Sciences Term Trust stock in a transaction on Tuesday, September 17th. The shares were bought at an average cost of 15.93 per share, for a total transaction of 432,467.64. Following the completion of the purchase, the insider now directly owns 20,565,579 shares of the company’s stock, valued at 327,609,673.47. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

BlackRock Health Sciences Term Trust Trading Down 0.7 %

Shares of BlackRock Health Sciences Term Trust stock opened at 16.01 on Friday. The stock has a 50 day moving average price of 15.85 and a 200-day moving average price of 15.56. BlackRock Health Sciences Term Trust has a one year low of 12.93 and a one year high of 16.59.

BlackRock Health Sciences Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.176 per share. This represents a $2.11 dividend on an annualized basis and a yield of 13.19%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Investors Weigh In On BlackRock Health Sciences Term Trust

Several institutional investors have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. grew its holdings in BlackRock Health Sciences Term Trust by 21.7% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 5,830 shares of the company’s stock valued at $96,000 after purchasing an additional 1,038 shares during the last quarter. Register Financial Advisors LLC raised its holdings in shares of BlackRock Health Sciences Term Trust by 5,365.6% in the second quarter. Register Financial Advisors LLC now owns 6,832 shares of the company’s stock worth $105,000 after buying an additional 6,707 shares during the period. Shaker Financial Services LLC bought a new stake in shares of BlackRock Health Sciences Term Trust during the 2nd quarter worth approximately $184,000. Pine Valley Investments Ltd Liability Co boosted its holdings in BlackRock Health Sciences Term Trust by 6.7% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 13,088 shares of the company’s stock valued at $192,000 after acquiring an additional 822 shares during the period. Finally, Comerica Bank boosted its holdings in BlackRock Health Sciences Term Trust by 31.1% during the 1st quarter. Comerica Bank now owns 15,469 shares of the company’s stock valued at $254,000 after acquiring an additional 3,671 shares during the period.

BlackRock Health Sciences Term Trust Company 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.