BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Shares Pass Below 200 Day Moving Average – Here’s Why

Shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.70 and traded as low as $27.47. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $27.5750, with a volume of 38,677 shares.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Up 0.5%

The firm has a 50 day moving average of $28.07 and a 200 day moving average of $27.72.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.154 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 3.2% in the 4th quarter. NewEdge Advisors LLC now owns 13,600 shares of the real estate investment trust’s stock valued at $349,000 after buying an additional 427 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 2.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,178 shares of the real estate investment trust’s stock worth $480,000 after purchasing an additional 474 shares in the last quarter. Cypress Capital Management LLC WY boosted its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 0.9% in the 4th quarter. Cypress Capital Management LLC WY now owns 56,030 shares of the real estate investment trust’s stock worth $1,439,000 after purchasing an additional 505 shares during the period. M3 Advisory Group LLC boosted its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 5.6% in the 4th quarter. M3 Advisory Group LLC now owns 10,392 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 555 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the fourth quarter valued at about $25,000.

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.