BlackRock Energy and Resources Trust (NYSE:BGR) Trading Up 1.2% After Dividend Announcement

BlackRock Energy and Resources Trust (NYSE:BGR)’s stock price was up 1.2% during trading on Monday after the company announced a dividend. The stock traded as high as $16.12 and last traded at $15.9350. Approximately 69,110 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 152,713 shares. The stock had previously closed at $15.75.

The newly announced dividend which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.0973 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Tuesday, September 15th.

BlackRock Energy and Resources Trust Stock Performance

The business’s 50 day simple moving average is $16.27 and its two-hundred day simple moving average is $15.24.

Institutional Trading of BlackRock Energy and Resources Trust

Several hedge funds have recently bought and sold shares of the stock. Absolute Investment Advisers LLC purchased a new stake in shares of BlackRock Energy and Resources Trust during the 1st quarter valued at about $3,955,000. UBS Group AG raised its position in shares of BlackRock Energy and Resources Trust by 1.2% during the 4th quarter. UBS Group AG now owns 225,951 shares of the company’s stock valued at $3,059,000 after buying an additional 2,761 shares in the last quarter. Truist Financial Corp raised its position in shares of BlackRock Energy and Resources Trust by 4.0% during the 4th quarter. Truist Financial Corp now owns 167,142 shares of the company’s stock valued at $2,263,000 after buying an additional 6,358 shares in the last quarter. Royal Bank of Canada raised its position in shares of BlackRock Energy and Resources Trust by 2.0% during the 1st quarter. Royal Bank of Canada now owns 157,022 shares of the company’s stock valued at $2,132,000 after buying an additional 3,137 shares in the last quarter. Finally, Moors & Cabot Inc. raised its position in shares of BlackRock Energy and Resources Trust by 27.9% during the 4th quarter. Moors & Cabot Inc. now owns 84,411 shares of the company’s stock valued at $1,143,000 after buying an additional 18,423 shares in the last quarter.

BlackRock Energy and Resources Trust Company Profile

BlackRock Energy and Resources Trust (NYSE: BGR) is a closed-end management investment company that seeks to provide a combination of current income and long-term capital appreciation. The trust focuses its investments primarily on equity and equity-related securities of companies engaged in the energy and natural resources sectors, including exploration, production, refining, distribution and related services.

The trust’s portfolio typically comprises common stocks, American Depositary Receipts (ADRs), master limited partnerships (MLPs) and other equity-linked instruments issued by firms operating in upstream and downstream energy markets, metals and mining, chemicals and related industries.