BlackRock Health Sciences Trust (NYSE:BME) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Shares of BlackRock Health Sciences Trust (NYSE:BME) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $39.90 and traded as low as $38.96. BlackRock Health Sciences Trust shares last traded at $39.26, with a volume of 33,077 shares.

BlackRock Health Sciences Trust Price Performance

The company has a 50 day moving average of $39.90 and a 200 day moving average of $40.03.

BlackRock Health Sciences Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.2621 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.15 annualized dividend and a dividend yield of 8.13%.

Hedge Funds Weigh In On BlackRock Health Sciences Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its holdings in shares of BlackRock Health Sciences Trust by 40.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 32,787 shares of the company’s stock worth $1,244,000 after buying an additional 9,455 shares during the last quarter. Hara Capital LLC purchased a new stake in BlackRock Health Sciences Trust during the fourth quarter valued at about $832,000. Wolverine Asset Management LLC increased its stake in BlackRock Health Sciences Trust by 29.1% during the fourth quarter. Wolverine Asset Management LLC now owns 110,493 shares of the company’s stock worth $4,191,000 after acquiring an additional 24,928 shares during the last quarter. HBK Sorce Advisory LLC increased its stake in BlackRock Health Sciences Trust by 14.8% during the fourth quarter. HBK Sorce Advisory LLC now owns 8,194 shares of the company’s stock worth $311,000 after acquiring an additional 1,057 shares during the last quarter. Finally, AlphaStar Capital Management LLC acquired a new position in shares of BlackRock Health Sciences Trust in the 4th quarter valued at about $878,000.

BlackRock Health Sciences Trust Company Profile

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.