Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Shares Cross Above 200 Day Moving Average of $13.49

Shares of Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.49 and traded as high as $14.18. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $14.17, with a volume of 34,336 shares trading hands.

Blackstone Senior Floating Rate 2027 Term Fund Stock Up 0.1 %

The firm has a fifty day simple moving average of $14.14 and a two-hundred day simple moving average of $13.49.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd will be issued a $0.114 dividend. This represents a $1.37 annualized dividend and a yield of 9.65%. The ex-dividend date is Wednesday, May 22nd.

Institutional Investors Weigh In On Blackstone Senior Floating Rate 2027 Term Fund

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SNC acquired a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the third quarter worth about $41,000. Future Financial Wealth Managment LLC acquired a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the first quarter worth about $60,000. Cetera Investment Advisers purchased a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the first quarter worth about $127,000. Signaturefd LLC raised its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 382.2% in the fourth quarter. Signaturefd LLC now owns 10,508 shares of the company’s stock worth $140,000 after purchasing an additional 8,329 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the fourth quarter worth about $146,000.

About Blackstone Senior Floating Rate 2027 Term Fund

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.