BlackRock Energy and Resources Trust (NYSE:BGR) Trading Up 0.6% – Here’s What Happened

Shares of BlackRock Energy and Resources Trust (NYSE:BGR) shot up 0.6% during trading on Monday . The company traded as high as $14.99 and last traded at $14.9850. 257,099 shares were traded during mid-day trading, an increase of 54% from the average session volume of 166,558 shares. The stock had previously closed at $14.90.

BlackRock Energy and Resources Trust Price Performance

The business’s 50-day moving average is $14.13 and its two-hundred day moving average is $13.67.

BlackRock Energy and Resources Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.0973 dividend. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 7.8%.

Institutional Trading of BlackRock Energy and Resources Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cypress Capital Management LLC WY grew its stake in BlackRock Energy and Resources Trust by 150.7% in the second quarter. Cypress Capital Management LLC WY now owns 304,783 shares of the company’s stock valued at $4,041,000 after purchasing an additional 183,190 shares in the last quarter. Formidable Asset Management LLC bought a new stake in shares of BlackRock Energy and Resources Trust during the 4th quarter worth approximately $1,009,000. Moors & Cabot Inc. boosted its holdings in shares of BlackRock Energy and Resources Trust by 527.7% in the 2nd quarter. Moors & Cabot Inc. now owns 65,183 shares of the company’s stock valued at $864,000 after buying an additional 54,798 shares during the last quarter. AlphaCore Capital LLC grew its stake in shares of BlackRock Energy and Resources Trust by 41.8% in the fourth quarter. AlphaCore Capital LLC now owns 49,242 shares of the company’s stock valued at $667,000 after buying an additional 14,504 shares in the last quarter. Finally, NWF Advisory Services Inc. acquired a new position in BlackRock Energy and Resources Trust during the third quarter worth $149,000.

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.