Oppenheimer & Co. Inc. Sells 2,024 Shares of BlackRock Health Sciences Term Trust (NYSE:BMEZ)

Oppenheimer & Co. Inc. lessened its holdings in shares of BlackRock Health Sciences Term Trust (NYSE:BMEZFree Report) by 1.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 111,836 shares of the company’s stock after selling 2,024 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in BlackRock Health Sciences Term Trust were worth $1,666,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Estabrook Capital Management bought a new position in BlackRock Health Sciences Term Trust during the fourth quarter valued at approximately $35,000. Elequin Capital LP bought a new position in BlackRock Health Sciences Term Trust during the fourth quarter valued at approximately $84,000. Yakira Capital Management Inc. bought a new position in BlackRock Health Sciences Term Trust during the fourth quarter valued at approximately $153,000. Virtu Financial LLC bought a new position in BlackRock Health Sciences Term Trust during the fourth quarter valued at approximately $206,000. Finally, K2 Principal Fund L.P. raised its position in BlackRock Health Sciences Term Trust by 62.7% during the fourth quarter. K2 Principal Fund L.P. now owns 16,271 shares of the company’s stock valued at $234,000 after acquiring an additional 6,271 shares in the last quarter.

BlackRock Health Sciences Term Trust Stock Up 0.3%

Shares of BMEZ opened at $14.40 on Friday. BlackRock Health Sciences Term Trust has a twelve month low of $12.58 and a twelve month high of $16.75. The firm’s 50 day moving average price is $14.38 and its 200 day moving average price is $14.93.

BlackRock Health Sciences Term Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.169 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 14.09%. The ex-dividend date of this dividend is Friday, June 13th.

BlackRock Health Sciences Term Trust Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BlackRock Health Sciences Term Trust (NYSE:BMEZ)

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