BlackRock Energy and Resources Trust (NYSE:BGR – Get Free Report) declared a monthly dividend on Thursday, September 10th. Shareholders of record on Friday, November 13th will be paid a dividend of 0.0973 per share on Monday, November 30th. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date is Friday, November 13th.
BlackRock Energy and Resources Trust Price Performance
BGR stock opened at $17.61 on Friday. BlackRock Energy and Resources Trust has a twelve month low of $12.92 and a twelve month high of $17.80. The company’s 50 day moving average is $16.59 and its two-hundred day moving average is $16.19.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new stake in BlackRock Energy and Resources Trust during the 2nd quarter worth $57,000. Cypress Capital Management LLC WY boosted its stake in BlackRock Energy and Resources Trust by 6.0% in the second quarter. Cypress Capital Management LLC WY now owns 281,912 shares of the company’s stock valued at $4,178,000 after acquiring an additional 15,998 shares in the last quarter. Readystate Asset Management LP purchased a new position in shares of BlackRock Energy and Resources Trust during the second quarter worth about $164,000. Susquehanna International Group LLP purchased a new position in shares of BlackRock Energy and Resources Trust during the second quarter worth about $168,000. Finally, Beacon Pointe Advisors LLC acquired a new stake in shares of BlackRock Energy and Resources Trust during the second quarter worth about $566,000.
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.
Further Reading
- Five stocks we like better than BlackRock Energy and Resources Trust
- MarketBeat Week in Review – 09/07 – 09/11
- Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model
- Kroger’s Textbook Entry for Buy-and-Hold Investors
- AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window
Receive News & Ratings for BlackRock Energy and Resources Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Energy and Resources Trust and related companies with MarketBeat.com's FREE daily email newsletter.
