Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Shares Cross Above 200 Day Moving Average of $13.49

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.49 and traded as high as $14.18. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $14.17, with a volume of 34,336 shares trading hands.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

The stock has a 50 day moving average of $14.14 and a 200-day moving average of $13.49.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 23rd will be paid a dividend of $0.114 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.37 dividend on an annualized basis and a dividend yield of 9.65%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BSL. Invesco Ltd. boosted its stake in Blackstone Senior Floating Rate 2027 Term Fund by 20.8% in the 1st quarter. Invesco Ltd. now owns 173,723 shares of the company’s stock worth $2,654,000 after purchasing an additional 29,891 shares during the period. Atria Wealth Solutions Inc. bought a new position in Blackstone Senior Floating Rate 2027 Term Fund in the 1st quarter worth approximately $531,000. Rivernorth Capital Management LLC bought a new position in Blackstone Senior Floating Rate 2027 Term Fund in the 1st quarter worth approximately $2,591,000. Bank of America Corp DE boosted its stake in Blackstone Senior Floating Rate 2027 Term Fund by 10.4% in the 1st quarter. Bank of America Corp DE now owns 822,436 shares of the company’s stock worth $12,567,000 after purchasing an additional 77,666 shares during the period. Finally, UBS Group AG boosted its stake in Blackstone Senior Floating Rate 2027 Term Fund by 11.0% in the 2nd quarter. UBS Group AG now owns 70,020 shares of the company’s stock worth $931,000 after purchasing an additional 6,963 shares during the period.

About Blackstone Senior Floating Rate 2027 Term Fund

Blackstone Senior Floating Rate 2027 Term Fund is a closed-ended fixed income mutual fund launched by The Blackstone Group L.P. It is managed by GSO / Blackstone Debt Funds Management LLC. The fund invests in the fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.