Cypress Capital Management LLC WY lessened its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI – Free Report) by 38.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 78,975 shares of the real estate investment trust’s stock after selling 48,900 shares during the quarter. BlackRock Utilities, Infrastructure & Power Opportunities Trust makes up about 2.0% of Cypress Capital Management LLC WY’s investment portfolio, making the stock its 15th biggest position. Cypress Capital Management LLC WY’s holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust were worth $2,291,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in BUI. IFP Advisors Inc purchased a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the fourth quarter valued at $40,000. Cullen Frost Bankers Inc. purchased a new position in BlackRock Utilities, Infrastructure & Power Opportunities Trust during the fourth quarter worth about $43,000. Sunbelt Securities Inc. acquired a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 1st quarter worth about $53,000. Harbour Investments Inc. boosted its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 268.0% in the 4th quarter. Harbour Investments Inc. now owns 2,580 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 1,879 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 1st quarter valued at about $123,000.
BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Up 0.5%
NYSE BUI opened at $26.76 on Wednesday. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 12 month low of $24.85 and a 12 month high of $30.80. The company has a 50-day moving average of $27.47 and a 200-day moving average of $27.63.
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.
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