PMG Family Office LLC Invests $878,000 in BlackRock Utilities, Infrastructure & Power Opportunities Trust $BUI

PMG Family Office LLC bought a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 33,551 shares of the real estate investment trust’s stock, valued at approximately $878,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Creekmur Asset Management LLC raised its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 133.5% in the 3rd quarter. Creekmur Asset Management LLC now owns 1,665 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 952 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 91.1% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,125 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 1,013 shares in the last quarter. Ingalls & Snyder LLC bought a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the third quarter worth approximately $220,000. Truist Financial Corp bought a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the third quarter worth approximately $262,000. Finally, Chancellor Financial Group WB LP raised its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 7.0% in the third quarter. Chancellor Financial Group WB LP now owns 11,507 shares of the real estate investment trust’s stock valued at $301,000 after buying an additional 750 shares in the last quarter.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Trading Down 0.4%

Shares of BUI stock opened at $26.45 on Thursday. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 1 year low of $20.27 and a 1 year high of $30.80. The stock has a 50 day simple moving average of $27.94 and a 200 day simple moving average of $26.88.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.136 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 6.2%.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Company Profile

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.