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

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI)’s stock price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $27.15 and traded as low as $24.81. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $25.1960, with a volume of 77,142 shares changing hands.

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

The stock’s fifty day moving average is $26.31 and its two-hundred day moving average is $27.14.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a $0.1540 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Investors Weigh In On BlackRock Utilities, Infrastructure & Power Opportunities Trust

A number of institutional investors and hedge funds have recently modified their holdings of BUI. Integrated Wealth Concepts LLC bought a new position in BlackRock Utilities, Infrastructure & Power Opportunities Trust during the second quarter worth about $27,000. Sunbelt Securities Inc. bought a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust in the first quarter valued at approximately $53,000. Readystate Asset Management LP acquired a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the first quarter valued at approximately $597,000. Wealthspire Retirement LLC boosted its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.9% during the 1st quarter. Wealthspire Retirement LLC now owns 124,426 shares of the real estate investment trust’s stock worth $3,282,000 after acquiring an additional 2,275 shares during the period. Finally, Fifth Third Bancorp bought a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 1st quarter worth approximately $123,000.

About BlackRock Utilities, Infrastructure & Power Opportunities Trust

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) is a closed-end investment company managed by BlackRock Advisors. The trust seeks to provide total return through a combination of current income and capital appreciation.

BUI invests primarily in equity securities of companies worldwide that are involved in the utilities, infrastructure and power sectors. Its portfolio may include businesses engaged in electric and gas utilities, energy infrastructure, transportation, communications infrastructure, and other activities supporting the generation, transmission, distribution, or use of power and essential services.

The trust also uses an options strategy, including writing covered call options on selected portfolio holdings, to generate income and potentially manage portfolio exposure.