BlackRock Energy and Resources Trust (NYSE:BGR) VP Stephen Thomas Minar Acquires 4,320 Shares of Stock

BlackRock Energy and Resources Trust (NYSE:BGR) VP Stephen Thomas Minar acquired 4,320 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was acquired at an average price of $14.91 per share, for a total transaction of $64,411.20. Following the completion of the transaction, the vice president directly owned 4,320 shares in the company, valued at approximately $64,411.20. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

BlackRock Energy and Resources Trust Stock Performance

NYSE:BGR opened at $14.93 on Friday. The firm has a 50-day moving average price of $14.19 and a two-hundred day moving average price of $13.70. BlackRock Energy and Resources Trust has a twelve month low of $11.08 and a twelve month high of $15.66.

BlackRock Energy and Resources Trust Dividend Announcement

The business 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 dividend of $0.0973 per share. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Friday, March 13th.

Hedge Funds Weigh In On BlackRock Energy and Resources Trust

Hedge funds have recently bought and sold shares of the stock. Cypress Capital Management LLC WY lifted its position in shares of BlackRock Energy and Resources Trust by 150.7% in the second quarter. Cypress Capital Management LLC WY now owns 304,783 shares of the company’s stock valued at $4,041,000 after acquiring an additional 183,190 shares in the last quarter. Formidable Asset Management LLC purchased a new position in shares of BlackRock Energy and Resources Trust in the 4th quarter worth $1,009,000. Moors & Cabot Inc. grew its holdings in shares of BlackRock Energy and Resources Trust by 527.7% during the 2nd quarter. Moors & Cabot Inc. now owns 65,183 shares of the company’s stock worth $864,000 after purchasing an additional 54,798 shares during the period. Jane Street Group LLC purchased a new stake in BlackRock Energy and Resources Trust during the fourth quarter worth approximately $226,000. Finally, AlphaCore Capital LLC increased its holdings in BlackRock Energy and Resources Trust by 41.8% in the 4th quarter. AlphaCore Capital LLC now owns 49,242 shares of the company’s stock valued at $667,000 after purchasing an additional 14,504 shares in the last quarter.

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.