Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Shares of Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.05 and traded as high as $13.06. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $13.0450, with a volume of 98,269 shares trading hands.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

The firm’s 50-day moving average is $13.00 and its 200 day moving average is $13.05.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.088 per share. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 8.1%.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in BSL. Steward Partners Investment Advisory LLC grew its stake in Blackstone Senior Floating Rate 2027 Term Fund by 1.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 73,355 shares of the company’s stock worth $990,000 after purchasing an additional 792 shares in the last quarter. UBS Group AG lifted its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 0.6% during the 4th quarter. UBS Group AG now owns 165,007 shares of the company’s stock worth $2,228,000 after buying an additional 959 shares during the last quarter. Harbour Investments Inc. grew its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 520.3% in the 4th quarter. Harbour Investments Inc. now owns 1,861 shares of the company’s stock worth $25,000 after acquiring an additional 1,561 shares in the last quarter. Hilltop Holdings Inc. grew its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 5.0% in the 3rd quarter. Hilltop Holdings Inc. now owns 42,360 shares of the company’s stock worth $596,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 14.2% in the 1st quarter. Royal Bank of Canada now owns 18,717 shares of the company’s stock valued at $241,000 after acquiring an additional 2,332 shares during the last quarter.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end management investment company that seeks to provide investors with current income by primarily investing in senior floating-rate loans. Managed by Blackstone Credit, the fund focuses on lending solutions to corporate borrowers, offering exposure to debt instruments designed to adjust with prevailing interest rates. BSL’s structure is designed to mature in 2027, at which point the fund will seek to liquidate its portfolio and distribute proceeds to shareholders.

The fund’s investment strategy centers on senior secured loans and other floating-rate debt issued by U.S.