BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $28.01 and traded as high as $28.60. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $28.3580, with a volume of 61,953 shares.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Down 0.4%

The stock’s fifty day simple moving average is $28.03 and its 200-day simple moving average is $27.51.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.154 per share. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. PMG Family Office LLC acquired a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 3rd quarter worth about $878,000. LPL Financial LLC boosted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 24.5% in the 4th quarter. LPL Financial LLC now owns 168,406 shares of the real estate investment trust’s stock worth $4,326,000 after buying an additional 33,130 shares during the last quarter. Ameriprise Financial Inc. increased its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 7.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 493,863 shares of the real estate investment trust’s stock worth $12,717,000 after buying an additional 32,270 shares in the last quarter. Wells Fargo & Company MN increased its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 20.9% during the 4th quarter. Wells Fargo & Company MN now owns 164,337 shares of the real estate investment trust’s stock worth $4,222,000 after buying an additional 28,382 shares in the last quarter. Finally, OpenArc Corporate Advisory LLC acquired a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the fourth quarter valued at approximately $720,000.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Company Profile

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI) is a closed-end management investment company that seeks to provide investors with a diversified portfolio of global utilities, infrastructure and power-related securities. Managed by BlackRock Advisors, the trust taps into BlackRock’s expansive research platform to identify companies involved in the generation, transmission and distribution of essential services such as electricity, water, transportation and renewable energy.

The trust’s primary objective is total return, emphasizing both current income and capital appreciation.