BlackRock Health Sciences Trust
BME
Market cap $561M

41.28 USD

-0.46

1.10%

At close Oct 17, 4:00 PM EDT

1 day

-1.10%

5 days

-0.89%

1 month

-1.31%

3 months

-1.43%

6 months

6.20%

Year to date

1.67%

1 year

6.92%

5 years

9.53%

About: Blackrock Health Sciences Trust has an investment objective to provide total return through a combination of current income, current gains, and long-term capital appreciation. The Fund invests 80% of its total assets in equity securities of companies engaged in the health sciences and related industries and equity derivatives.

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

4.68% less ownership

Funds ownership: 27.39% [Q1] → 22.71% (-4.68%) [Q2]

6% less funds holding

Funds holding: 71 [Q1] → 67 (-4) [Q2]

8% less capital invested

Capital invested by funds: $140M [Q1] → $129M (-$10.8M) [Q2]

23% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 26

40% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 10

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Research analyst outlook

We haven’t received any recent analyst ratings for BME.

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Financial journalist opinion

BME: Discount To NAV But High Fees And Volatility

BME has delivered solid long-term returns since its 2005 launch, earning positive ratings from Seeking Alpha analysts, with most recent articles rating it a Buy or Strong Buy. The trust has a relatively high expense ratio and has experienced significant volatility related to trading levels relative to NAV. BlackRock recently announced a tender offer that will allow 2.5% of the fund's units to be repurchased at 98% of NAV.

BME: Discount To NAV But High Fees And Volatility

Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

NEW YORK--(BUSINESS WIRE)---- $BBN--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla.

Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

9 Closed-End Fund Buys In The Month Of August 2024

The broader equity market saw declines in early August but ended near all-time highs to finish off the month. I put some capital to work this month at the low, but not as much as I had planned initially, as the market swiftly recovered. Most of the moves this month were corporate action-driven events, primarily the BlackRock tender offers, as we finished up the first measurement period.

9 Closed-End Fund Buys In The Month Of August 2024

Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

NEW YORK--(BUSINESS WIRE)---- $BBN--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla.

Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

Certain BlackRock Funds Announce Expiration and Preliminary Results of Tender Offers: BMEZ, BME, BGY

NEW YORK--(BUSINESS WIRE)---- $BGY--The BlackRock closed-end funds (the “Funds”) listed below announced today the expiration and preliminary results of each Fund's tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”). Each Tender Offer commenced on July 18, 2024 and expired at 5:00 p.m. Eastern time on August 19, 2024. Based on preliminary information, the number of Shares properly tendered for each Fund and not withdrawn is noted in the table below. Fund.

Certain BlackRock Funds Announce Expiration and Preliminary Results of Tender Offers: BMEZ, BME, BGY

My Top 10 Closed-End Fund Holdings: August 2024

Closed-end funds overall have seen discounts narrow since the start of the year, but opportunities still exist in certain areas of the market. With increased market volatility more recently, that may lead to discounts widening back out, which could create even more opportunities in this structure. I hold 42 positions in my CEF portfolio, with the top 10 positions making up 37.40% of the portfolio—here's a review of those top 10 names.

My Top 10 Closed-End Fund Holdings: August 2024

BME: An Attractive Discount On This Healthcare CEF

BlackRock Health Sciences Trust (BME) offers exposure to the healthcare space while also utilizing a covered call strategy. BME's discount has narrowed since our last update but remains attractive, with the potential for attractive returns going forward. BME's distribution yield may be more modest than other CEFs, but that has helped it boast of never having to cut the regular distribution and helped it provide some capital.

BME: An Attractive Discount On This Healthcare CEF

BlackRock's Global ETF AUM Hits $4T

BlackRock's Global ETF AUM reached $4T for the first time this week. Jay Jacobs discusses his company's launch of the iShares Manufacturing ETF under the ticker “MADE."

BlackRock's Global ETF AUM Hits $4T

BME: Future Interest Rate Cuts May Be A Catalyst

BlackRock Health Sciences Trust trades at an attractive discount to net asset value. The dividend yield of 6.1% remains supported from net investment income. Some weakness revolves around the use of return of capital, however. Future interest rate cuts may serve as a price catalyst. Inflation continues to cool while the unemployment rate ticks upward.

BME: Future Interest Rate Cuts May Be A Catalyst

BME: Quality Healthcare Fund With 6% Income And An Attractive Discount

BlackRock Health Sciences Trust is a healthcare sector-specific closed-end fund that invests in a fairly diversified portfolio of common stocks in the healthcare sector. It currently provides a reasonable yield of 6.3% plus an attractive discount of close to -8% (below NAV). The BME closed-end fund has a very decent long-term record of nearly 19 years, matching and even exceeding the performance of the S&P 500. However, the recent near and midterm performance has been lackluster.

BME: Quality Healthcare Fund With 6% Income And An Attractive Discount

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