Creekmur Asset Management LLC Takes Position in BlackRock Energy and Resources Trust $BGR

Creekmur Asset Management LLC purchased a new stake in shares of BlackRock Energy and Resources Trust (NYSE:BGR) during the 2nd quarter, HoldingsChannel reports. The fund purchased 3,176 shares of the company’s stock, valued at approximately $42,000.

Other hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in shares of BlackRock Energy and Resources Trust by 19.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,091 shares of the company’s stock valued at $83,000 after purchasing an additional 1,000 shares during the period. Elequin Capital LP increased its position in shares of BlackRock Energy and Resources Trust by 96.3% during the 1st quarter. Elequin Capital LP now owns 6,355 shares of the company’s stock valued at $86,000 after purchasing an additional 3,117 shares during the period. Moors & Cabot Inc. acquired a new position in shares of BlackRock Energy and Resources Trust in the 1st quarter worth $141,000. Virtu Financial LLC acquired a new position in shares of BlackRock Energy and Resources Trust in the 1st quarter worth $143,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of BlackRock Energy and Resources Trust in the 1st quarter worth $246,000.

BlackRock Energy and Resources Trust Stock Performance

Shares of NYSE BGR opened at $13.31 on Friday. The stock’s fifty day simple moving average is $13.40 and its 200 day simple moving average is $13.10. BlackRock Energy and Resources Trust has a 52-week low of $11.08 and a 52-week high of $13.94.

BlackRock Energy and Resources Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were issued a $0.0973 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date was Wednesday, October 15th.

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.