Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Shares Cross Above 200 Day Moving Average – Here’s Why

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.16 and traded as high as $14.30. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $14.28, with a volume of 61,011 shares trading hands.

Blackstone Senior Floating Rate 2027 Term Fund Stock Down 0.3 %

The business has a fifty day moving average of $14.22 and a 200-day moving average of $14.16.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.114 per share. This represents a $1.37 dividend on an annualized basis and a dividend yield of 9.73%. The ex-dividend date of this dividend is Thursday, November 21st.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new position in Blackstone Senior Floating Rate 2027 Term Fund during the 1st quarter valued at about $60,000. Avidian Wealth Solutions LLC purchased a new position in Blackstone Senior Floating Rate 2027 Term Fund during the first quarter valued at approximately $166,000. Dynamic Advisor Solutions LLC raised its stake in Blackstone Senior Floating Rate 2027 Term Fund by 6.4% in the second quarter. Dynamic Advisor Solutions LLC now owns 12,077 shares of the company’s stock worth $169,000 after buying an additional 731 shares in the last quarter. Jaffetilchin Investment Partners LLC purchased a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the first quarter worth $218,000. Finally, Shaker Financial Services LLC purchased a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the second quarter worth $835,000.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

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.