BlackRock Energy and Resources Trust (NYSE:BGR) Stock Price Down 5.6% – Here’s What Happened

BlackRock Energy and Resources Trust (NYSE:BGR) shares fell 5.6% during trading on Wednesday . The stock traded as low as $16.28 and last traded at $16.3440. 391,007 shares traded hands during mid-day trading, an increase of 112% from the average session volume of 184,510 shares. The stock had previously closed at $17.31.

BlackRock Energy and Resources Trust Stock Performance

The business’s 50-day moving average price is $15.71 and its 200-day moving average price is $14.33.

BlackRock Energy and Resources Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.0973 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Monday, June 15th.

Insider Activity at BlackRock Energy and Resources Trust

In related news, VP Stephen Thomas Minar purchased 4,320 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was bought at an average cost of $14.91 per share, for a total transaction of $64,411.20. Following the completion of the transaction, the vice president directly owned 4,320 shares in the company, valued at $64,411.20. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Hedge Funds Weigh In On BlackRock Energy and Resources Trust

Hedge funds have recently added to or reduced their stakes in the stock. Moors & Cabot Inc. increased its position in shares of BlackRock Energy and Resources Trust by 1.2% in the third quarter. Moors & Cabot Inc. now owns 65,988 shares of the company’s stock worth $895,000 after acquiring an additional 805 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in BlackRock Energy and Resources Trust by 1.4% during the 3rd 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 during the period. MGB Wealth Management LLC increased its holdings in BlackRock Energy and Resources Trust by 3.8% in the 3rd quarter. MGB Wealth Management LLC now owns 33,815 shares of the company’s stock valued at $459,000 after purchasing an additional 1,234 shares in the last quarter. Osaic Holdings Inc. raised its position in BlackRock Energy and Resources Trust by 2.2% in the fourth quarter. Osaic Holdings Inc. now owns 63,067 shares of the company’s stock valued at $854,000 after purchasing an additional 1,339 shares during the period. Finally, Samalin Investment Counsel LLC lifted its stake in shares of BlackRock Energy and Resources Trust by 1.9% during the third quarter. Samalin Investment Counsel LLC now owns 74,947 shares of the company’s stock worth $1,017,000 after purchasing an additional 1,364 shares in the last quarter.

About BlackRock Energy and Resources Trust

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.