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

Shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.04 and traded as high as $28.25. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $28.1450, with a volume of 61,032 shares.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Down 0.0%

The business’s fifty day moving average price is $27.01 and its 200 day moving average price is $27.04.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.136 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the fourth quarter worth about $25,000. Trust Co. of Vermont acquired a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the fourth quarter valued at approximately $26,000. IFP Advisors Inc acquired a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the fourth quarter valued at approximately $40,000. Cullen Frost Bankers Inc. acquired a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the fourth quarter valued at approximately $43,000. Finally, Creekmur Asset Management LLC increased its stake in shares of 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 buying an additional 952 shares during the period.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Company Profile

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.