BlackRock Energy and Resources Trust (NYSE:BGR) Trading 0.2% Higher – What’s Next?

Shares of BlackRock Energy and Resources Trust (NYSE:BGR) were up 0.2% during mid-day trading on Thursday . The stock traded as high as $15.86 and last traded at $15.68. Approximately 132,587 shares changed hands during trading, a decline of 24% from the average daily volume of 175,314 shares. The stock had previously closed at $15.65.

BlackRock Energy and Resources Trust Price Performance

The company has a 50 day moving average of $14.78 and a 200 day moving average of $13.93.

BlackRock Energy and Resources Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.0973 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 7.4%.

Insider Activity at BlackRock Energy and Resources Trust

In related news, VP Stephen Thomas Minar acquired 4,320 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were acquired at an average cost of $14.91 per share, for a total transaction of $64,411.20. Following the acquisition, the vice president directly owned 4,320 shares in the company, valued at approximately $64,411.20. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

Institutional Investors Weigh In On BlackRock Energy and Resources Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp purchased a new stake in shares of BlackRock Energy and Resources Trust during the 3rd quarter worth about $27,000. Assetmark Inc. purchased a new position in BlackRock Energy and Resources Trust in the fourth quarter valued at approximately $27,000. SHP Wealth Management acquired a new position in BlackRock Energy and Resources Trust during the fourth quarter valued at approximately $31,000. Triumph Capital Management acquired a new position in BlackRock Energy and Resources Trust during the third quarter valued at approximately $33,000. Finally, EverSource Wealth Advisors LLC grew its stake in BlackRock Energy and Resources Trust by 392.2% during the third quarter. EverSource Wealth Advisors LLC now owns 5,020 shares of the company’s stock worth $68,000 after buying an additional 4,000 shares during the period.

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.