BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Shares Pass Above Fifty Day Moving Average – Here’s Why

Shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $27.62 and traded as high as $28.35. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $28.18, with a volume of 58,323 shares trading hands.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Trading Up 0.9%

The business has a fifty day moving average of $27.65 and a 200 day moving average of $27.32.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.154 per share. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BUI. PNC Financial Services Group Inc. lifted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 82.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 38,025 shares of the real estate investment trust’s stock worth $995,000 after buying an additional 17,153 shares in the last quarter. PMG Family Office LLC acquired a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the third quarter worth $878,000. Cetera Investment Advisers grew its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 8.9% in the fourth quarter. Cetera Investment Advisers now owns 25,772 shares of the real estate investment trust’s stock worth $662,000 after acquiring an additional 2,117 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 3.2% during the fourth quarter. NewEdge Advisors LLC now owns 13,600 shares of the real estate investment trust’s stock worth $349,000 after acquiring an additional 427 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the fourth quarter worth $203,000.

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.