Key Points
- BlackRock Energy and Resources Trust VP Stephen Thomas Minar purchased 4,320 shares on Feb. 10 at an average price of $14.91, totaling $64,411.20, and now owns those 4,320 shares per an SEC filing.
- The trust declared a monthly dividend of $0.0973 per share (ex-dividend date Mar. 13, payable Mar. 31), representing a 7.8% dividend yield.
- Shares opened at $14.93 and were trading down 1.8%, with a 50-day/200-day simple moving average of $14.19/$13.70 and a 12‑month range of $11.08–$15.66.
BlackRock Energy and Resources Trust (NYSE:BGR - Get Free Report) VP Stephen Thomas Minar acquired 4,320 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were acquired at an average cost of $14.91 per share, with a total value of $64,411.20. Following the transaction, the vice president owned 4,320 shares in the company, valued at approximately $64,411.20. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
BlackRock Energy and Resources Trust Trading Down 1.8%
Shares of BlackRock Energy and Resources Trust stock opened at $14.93 on Friday. The business's 50 day simple moving average is $14.19 and its 200-day simple moving average is $13.70. BlackRock Energy and Resources Trust has a twelve month low of $11.08 and a twelve month high of $15.66.
BlackRock Energy and Resources Trust Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.0973 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 7.8%.
Institutional Trading of BlackRock Energy and Resources Trust
Hedge funds have recently bought and sold shares of the company. Cypress Capital Management LLC WY boosted its position in shares of BlackRock Energy and Resources Trust by 150.7% during the second quarter. Cypress Capital Management LLC WY now owns 304,783 shares of the company's stock worth $4,041,000 after buying an additional 183,190 shares during the period. Moors & Cabot Inc. raised its stake in BlackRock Energy and Resources Trust by 527.7% during the 2nd quarter. Moors & Cabot Inc. now owns 65,183 shares of the company's stock valued at $864,000 after acquiring an additional 54,798 shares in the last quarter. Creekmur Asset Management LLC bought a new stake in BlackRock Energy and Resources Trust during the 2nd quarter valued at $42,000. Truist Financial Corp boosted its position in BlackRock Energy and Resources Trust by 2.8% during the 3rd quarter. Truist Financial Corp now owns 160,784 shares of the company's stock worth $2,182,000 after acquiring an additional 4,426 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of BlackRock Energy and Resources Trust by 1.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 74,057 shares of the company's stock worth $1,000,000 after purchasing an additional 1,020 shares in the last quarter.
About BlackRock Energy and Resources Trust
(
Get Free Report)
BlackRock Energy and Resources Trust (NYSE: BGR) is a closed-end management investment company that seeks to provide a combination of current income and long-term capital appreciation. The trust focuses its investments primarily on equity and equity-related securities of companies engaged in the energy and natural resources sectors, including exploration, production, refining, distribution and related services.
The trust's portfolio typically comprises common stocks, American Depositary Receipts (ADRs), master limited partnerships (MLPs) and other equity-linked instruments issued by firms operating in upstream and downstream energy markets, metals and mining, chemicals and related industries.
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