BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $26.35 and traded as low as $25.84. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $26.1130, with a volume of 91,517 shares traded.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Performance

The company has a 50-day simple moving average of $26.06 and a 200-day simple moving average of $26.35.

BlackRock Utilities, Infrastructure & Power Opportunities 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 issued a dividend of $0.136 per share. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 6.2%.

Institutional Trading of BlackRock Utilities, Infrastructure & Power Opportunities Trust

Several institutional investors and hedge funds have recently made changes to their positions in BUI. Ameriprise Financial Inc. boosted its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 3.7% during the third quarter. Ameriprise Financial Inc. now owns 512,375 shares of the real estate investment trust’s stock valued at $13,409,000 after purchasing an additional 18,512 shares during the period. Bank of America Corp DE lifted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 5.0% during the 3rd quarter. Bank of America Corp DE now owns 466,273 shares of the real estate investment trust’s stock valued at $12,202,000 after buying an additional 22,248 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.3% during the 3rd quarter. Raymond James Financial Inc. now owns 335,365 shares of the real estate investment trust’s stock valued at $8,777,000 after buying an additional 4,268 shares in the last quarter. Invesco Ltd. boosted its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.0% in the 2nd quarter. Invesco Ltd. now owns 224,021 shares of the real estate investment trust’s stock valued at $5,769,000 after buying an additional 2,292 shares during the period. Finally, NFP Retirement Inc. grew its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 2.6% in the 2nd quarter. NFP Retirement Inc. now owns 113,503 shares of the real estate investment trust’s stock worth $2,923,000 after acquiring an additional 2,894 shares in the last quarter.

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.