Nova R Wealth Inc. Has $9.49 Million Stake in BlackRock Health Sciences Trust $BME

Nova R Wealth Inc. cut its position in shares of BlackRock Health Sciences Trust (NYSE:BME) by 9.1% during the 4th quarter, Holdings Channel reports. The firm owned 230,686 shares of the company’s stock after selling 23,039 shares during the period. BlackRock Health Sciences Trust comprises 3.5% of Nova R Wealth Inc.’s investment portfolio, making the stock its 9th largest position. Nova R Wealth Inc.’s holdings in BlackRock Health Sciences Trust were worth $9,488,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in BlackRock Health Sciences Trust by 22.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,417 shares of the company’s stock worth $53,000 after buying an additional 257 shares during the last quarter. SOA Wealth Advisors LLC. increased its holdings in shares of BlackRock Health Sciences Trust by 20.3% in the third quarter. SOA Wealth Advisors LLC. now owns 2,780 shares of the company’s stock valued at $103,000 after buying an additional 469 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of BlackRock Health Sciences Trust by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 4,899 shares of the company’s stock valued at $179,000 after acquiring an additional 3,266 shares during the last quarter. Sage Investment Counsel LLC bought a new stake in shares of BlackRock Health Sciences Trust during the 3rd quarter worth $201,000. Finally, Truist Financial Corp bought a new stake in shares of BlackRock Health Sciences Trust during the 3rd quarter worth $205,000.

BlackRock Health Sciences Trust Stock Performance

Shares of NYSE BME opened at $37.70 on Friday. The stock’s fifty day simple moving average is $41.28 and its 200 day simple moving average is $40.03. BlackRock Health Sciences Trust has a 52-week low of $34.18 and a 52-week high of $42.74.

BlackRock Health Sciences Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.2621 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 8.3%.

About BlackRock Health Sciences Trust

BlackRock Health Sciences Trust (NYSE: BME) is a closed-end management investment company that seeks long-term total return through a combination of dividend income and capital appreciation. Managed by BlackRock Fund Advisors, the trust invests primarily in the equity securities of domestic and international issuers engaged in the health sciences sector. The portfolio typically includes common stocks, corporate bonds and convertible securities of companies involved in biotechnology, pharmaceuticals, medical devices and healthcare services.