PMG Family Office LLC Takes $878,000 Position in BlackRock Utilities, Infrastructure & Power Opportunities Trust $BUI

PMG Family Office LLC purchased a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) in the third quarter, HoldingsChannel.com reports. The fund purchased 33,551 shares of the real estate investment trust’s stock, valued at approximately $878,000.

Several other large investors have also made changes to their positions in the company. Creekmur Asset Management LLC increased its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 133.5% in the third quarter. Creekmur Asset Management LLC now owns 1,665 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 952 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 91.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 2,125 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 1,013 shares during the last quarter. Ingalls & Snyder LLC bought a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust during the third quarter worth $220,000. Truist Financial Corp acquired a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 3rd quarter valued at $262,000. Finally, Chancellor Financial Group WB LP increased its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 7.0% in the 3rd quarter. Chancellor Financial Group WB LP now owns 11,507 shares of the real estate investment trust’s stock valued at $301,000 after purchasing an additional 750 shares during the last quarter.

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

Shares of BUI opened at $26.45 on Thursday. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 52-week low of $20.27 and a 52-week high of $30.80. The business’s fifty day moving average is $27.94 and its 200-day moving average is $26.88.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.136 dividend. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Monday, June 15th.

About BlackRock Utilities, Infrastructure & Power Opportunities Trust

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.