BlackRock Health Sciences Trust (NYSE:BME) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

BlackRock Health Sciences Trust (NYSE:BME)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $39.01 and traded as low as $38.63. BlackRock Health Sciences Trust shares last traded at $39.27, with a volume of 50,347 shares traded.

BlackRock Health Sciences Trust Trading Up 0.3 %

The business’s fifty day moving average is $38.99 and its 200 day moving average is $40.56.

BlackRock Health Sciences Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.2621 dividend. This represents a $3.15 annualized dividend and a dividend yield of 8.05%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Fountainhead AM LLC bought a new stake in BlackRock Health Sciences Trust in the 3rd quarter valued at approximately $204,000. Wolverine Asset Management LLC raised its holdings in shares of BlackRock Health Sciences Trust by 42.4% in the third quarter. Wolverine Asset Management LLC now owns 85,565 shares of the company’s stock valued at $3,588,000 after purchasing an additional 25,457 shares during the last quarter. Consolidated Portfolio Review Corp lifted its position in shares of BlackRock Health Sciences Trust by 7.2% in the third quarter. Consolidated Portfolio Review Corp now owns 42,574 shares of the company’s stock worth $1,785,000 after purchasing an additional 2,853 shares in the last quarter. International Assets Investment Management LLC acquired a new position in BlackRock Health Sciences Trust during the third quarter worth $8,610,000. Finally, Logan Stone Capital LLC bought a new position in BlackRock Health Sciences Trust in the second quarter valued at $600,000.

About BlackRock Health Sciences Trust

BlackRock Health Sciences Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the health sciences and related sectors, which include businesses involved in researching, developing, producing, distributing or delivering medical, dental, optical, pharmaceutical or biotechnology products, supplies, equipment, or services.