Saba Capital Management L.P. Invests $603,000 in BlackRock Energy and Resources Trust (NYSE:BGR)

Saba Capital Management L.P. acquired a new position in shares of BlackRock Energy and Resources Trust (NYSE:BGR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 47,819 shares of the company’s stock, valued at approximately $603,000.

Several other institutional investors have also added to or reduced their stakes in BGR. Millstone Evans Group LLC purchased a new stake in BlackRock Energy and Resources Trust during the fourth quarter valued at about $54,000. one8zero8 LLC purchased a new stake in BlackRock Energy and Resources Trust during the fourth quarter valued at about $131,000. Mezzasalma Advisors LLC purchased a new stake in BlackRock Energy and Resources Trust during the fourth quarter valued at about $138,000. Concurrent Investment Advisors LLC purchased a new stake in BlackRock Energy and Resources Trust during the fourth quarter valued at about $223,000. Finally, Private Advisor Group LLC boosted its position in BlackRock Energy and Resources Trust by 25.5% during the fourth quarter. Private Advisor Group LLC now owns 18,525 shares of the company’s stock valued at $234,000 after buying an additional 3,763 shares during the period.

BlackRock Energy and Resources Trust Stock Performance

NYSE BGR opened at $12.64 on Friday. The company has a 50-day simple moving average of $12.60 and a two-hundred day simple moving average of $13.03. BlackRock Energy and Resources Trust has a 12-month low of $11.08 and a 12-month high of $13.94.

BlackRock Energy and Resources Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.0973 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.17 annualized dividend and a yield of 9.24%.

BlackRock Energy and Resources Trust Profile

BlackRock Energy and Resources Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe, with an emphasis on the United States. The fund seeks to invest in stocks of companies operating in the energy and natural resources sectors.