BlackRock Energy and Resources Trust (NYSE:BGR) Shares Up 0.3% – Here’s Why

BlackRock Energy and Resources Trust (NYSE:BGR)’s stock price traded up 0.3% during trading on Friday . The stock traded as high as $13.61 and last traded at $13.4250. 108,962 shares were traded during trading, an increase of 27% from the average session volume of 85,807 shares. The stock had previously closed at $13.38.

BlackRock Energy and Resources Trust Price Performance

The firm has a 50-day moving average price of $13.50 and a two-hundred day moving average price of $13.40.

BlackRock Energy and Resources Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be issued a $0.0973 dividend. The ex-dividend date is Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 8.7%.

Institutional Investors Weigh In On BlackRock Energy and Resources Trust

A number of large investors have recently modified their holdings of BGR. Truist Financial Corp lifted its stake in BlackRock Energy and Resources Trust by 0.6% in the 2nd quarter. Truist Financial Corp now owns 156,358 shares of the company’s stock worth $2,073,000 after purchasing an additional 999 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of BlackRock Energy and Resources Trust by 2.4% in the first quarter. Raymond James Financial Inc. now owns 395,306 shares of the company’s stock valued at $5,368,000 after purchasing an additional 9,191 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of BlackRock Energy and Resources Trust by 2.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 73,037 shares of the company’s stock valued at $987,000 after purchasing an additional 1,989 shares during the last quarter. Moors & Cabot Inc. lifted its position in BlackRock Energy and Resources Trust by 527.7% during the second quarter. Moors & Cabot Inc. now owns 65,183 shares of the company’s stock worth $864,000 after buying an additional 54,798 shares in the last quarter. Finally, Cypress Capital Management LLC WY lifted its position in BlackRock Energy and Resources Trust by 150.7% during the second quarter. Cypress Capital Management LLC WY now owns 304,783 shares of the company’s stock worth $4,041,000 after buying an additional 183,190 shares in the last quarter.

About BlackRock Energy and Resources Trust

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.