BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Shares Cross Below 200-Day Moving Average – Here’s Why

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.75 and traded as low as $26.85. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $27.0350, with a volume of 67,032 shares changing hands.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Price Performance

The business has a 50-day simple moving average of $27.74 and a 200 day simple moving average of $27.75.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.154 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Tuesday, September 15th.

Hedge Funds Weigh In On BlackRock Utilities, Infrastructure & Power Opportunities Trust

A number of hedge funds have recently made changes to their positions in the business. IFP Advisors Inc purchased a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the fourth quarter worth $40,000. Cullen Frost Bankers Inc. purchased a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 4th quarter worth $43,000. Sunbelt Securities Inc. purchased a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 1st quarter worth $53,000. Harbour Investments Inc. boosted its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 268.0% during the 4th quarter. Harbour Investments Inc. now owns 2,580 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 1,879 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the first quarter valued at about $123,000.

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.