XLV - BME: Trading At A Historical Discount To NAV
2024-04-05 11:47:11 ET
Summary
- BlackRock Health Sciences Trust is a diversified closed-end fund that focuses on the healthcare sector, offering a 6.35% dividend yield.
- BME currently trades at a historical discount to NAV of nearly -8%.
- The fund presents an attractive opportunity to capitalize on the projected growth of the healthcare industry and increased medical spending.
- A worry is the continued use of return of capital to fund the distribution.
Overview
I've grown to like Closed-End Funds ("CEFs") due to the diversity, strategies deployed, and high level of income they can provide. BlackRock Health Sciences Trust ( BME ) is a diversified closed-end fund that focuses on the healthcare sector. More specifically within the pharma, biotech, and life sciences space. The healthcare sector has mostly underperformed compared against the S&P 500 ( SPY ) since the age of COVID....
BME: Trading At A Historical Discount To NAV