BlackRock Energy and Resources Trust (NYSE:BGR) Trading Up 0.6% – Here’s What Happened

BlackRock Energy and Resources Trust (NYSE:BGR) shares traded up 0.6% during trading on Monday . The company traded as high as $14.99 and last traded at $14.9850. 257,099 shares traded hands during mid-day trading, an increase of 54% from the average session volume of 166,558 shares. The stock had previously closed at $14.90.

BlackRock Energy and Resources Trust Stock Performance

The company has a fifty day simple moving average of $14.13 and a two-hundred day simple moving average of $13.67.

BlackRock Energy and Resources Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a $0.0973 dividend. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 7.8%.

Institutional Trading of BlackRock Energy and Resources Trust

Several hedge funds have recently bought and sold shares of the stock. Moors & Cabot Inc. boosted its holdings 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 valued at $895,000 after buying an additional 805 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in BlackRock Energy and Resources Trust by 1.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 74,057 shares of the company’s stock valued at $1,000,000 after acquiring an additional 1,020 shares in the last quarter. MGB Wealth Management LLC boosted its stake 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 worth $459,000 after purchasing an additional 1,234 shares during the period. Samalin Investment Counsel LLC increased its holdings in BlackRock Energy and Resources Trust by 1.9% during the 3rd 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. Finally, Level Four Advisory Services LLC increased its holdings in BlackRock Energy and Resources Trust by 12.3% during the 2nd quarter. Level Four Advisory Services LLC now owns 15,651 shares of the company’s stock worth $208,000 after purchasing an additional 1,715 shares in the last quarter.

BlackRock Energy and Resources Trust Company Profile

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.