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

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.21 and traded as high as $14.61. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $14.53, with a volume of 54,601 shares trading hands.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

The stock’s 50 day simple moving average is $14.36 and its 200-day simple moving average is $14.21.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 24th were issued a $0.114 dividend. This represents a $1.37 dividend on an annualized basis and a yield of 9.37%. The ex-dividend date of this dividend was Thursday, October 24th.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its stake in Blackstone Senior Floating Rate 2027 Term Fund by 27.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 259,545 shares of the company’s stock valued at $3,665,000 after purchasing an additional 55,882 shares during the period. Leavell Investment Management Inc. grew its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 8.4% in the third quarter. Leavell Investment Management Inc. now owns 171,225 shares of the company’s stock worth $2,418,000 after acquiring an additional 13,225 shares during the last quarter. Tranquility Partners LLC increased its position in Blackstone Senior Floating Rate 2027 Term Fund by 4.5% during the second quarter. Tranquility Partners LLC now owns 96,756 shares of the company’s stock worth $1,356,000 after acquiring an additional 4,174 shares during the period. Shaker Financial Services LLC acquired a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the 2nd quarter worth $835,000. Finally, Hilltop Holdings Inc. raised its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 16.6% during the third quarter. Hilltop Holdings Inc. now owns 42,515 shares of the company’s stock valued at $600,000 after buying an additional 6,050 shares during the last quarter.

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.