Sit Investment Associates Inc. Raises Stake in BlackRock Health Sciences Term Trust (NYSE:BMEZ)

Sit Investment Associates Inc. increased its stake in shares of BlackRock Health Sciences Term Trust (NYSE:BMEZ) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,724,706 shares of the company’s stock after buying an additional 125,599 shares during the period. Sit Investment Associates Inc.’s holdings in BlackRock Health Sciences Term Trust were worth $24,836,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new position in BlackRock Health Sciences Term Trust in the third quarter valued at approximately $357,000. Raymond James Financial Inc. purchased a new position in shares of BlackRock Health Sciences Term Trust during the 4th quarter valued at $10,869,000. Commonwealth Equity Services LLC grew its stake in shares of BlackRock Health Sciences Term Trust by 3.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 102,437 shares of the company’s stock worth $1,475,000 after acquiring an additional 3,635 shares during the period. Corient Private Wealth LLC grew its stake in shares of BlackRock Health Sciences Term Trust by 24.9% during the 4th quarter. Corient Private Wealth LLC now owns 26,225 shares of the company’s stock worth $378,000 after acquiring an additional 5,224 shares during the period. Finally, Wolverine Asset Management LLC raised its stake in BlackRock Health Sciences Term Trust by 496.1% in the 4th quarter. Wolverine Asset Management LLC now owns 187,617 shares of the company’s stock valued at $2,702,000 after acquiring an additional 156,141 shares during the period.

BlackRock Health Sciences Term Trust Stock Down 5.0 %

NYSE BMEZ opened at $13.60 on Friday. BlackRock Health Sciences Term Trust has a 52 week low of $13.52 and a 52 week high of $16.75. The firm’s 50-day simple moving average is $15.59 and its two-hundred day simple moving average is $15.54.

BlackRock Health Sciences Term Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a $0.174 dividend. This represents a $2.09 annualized dividend and a yield of 15.35%. The ex-dividend date is Tuesday, April 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.