Readystate Asset Management LP Invests $597,000 in BlackRock Utilities, Infrastructure & Power Opportunities Trust $BUI

Readystate Asset Management LP acquired a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 22,637 shares of the real estate investment trust’s stock, valued at approximately $597,000.

A number of other hedge funds have also made changes to their positions in BUI. LPL Financial LLC raised its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 24.5% during the fourth quarter. LPL Financial LLC now owns 168,406 shares of the real estate investment trust’s stock worth $4,326,000 after purchasing an additional 33,130 shares in the last quarter. Ameriprise Financial Inc. boosted 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 valued at $12,717,000 after purchasing an additional 32,270 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of 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 valued at $4,222,000 after purchasing an additional 28,382 shares during the period. OpenArc Corporate Advisory LLC acquired a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 4th quarter valued at $720,000. Finally, Bank of America Corp DE increased its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 5.0% during the 3rd quarter. Bank of America Corp DE now owns 466,273 shares of the real estate investment trust’s stock valued at $12,202,000 after purchasing an additional 22,248 shares during the period.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Price Performance

BUI opened at $27.19 on Thursday. The stock’s fifty day moving average is $28.09 and its 200-day moving average is $27.71. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a one year low of $24.85 and a one year high of $30.80.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

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