BlackRock Energy and Resources Trust (NYSE:BGR) Trading 0.2% Higher – Time to Buy?

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

BlackRock Energy and Resources Trust Price Performance

The company’s 50-day simple moving average is $14.73 and its 200 day simple moving average is $13.92.

BlackRock Energy and Resources Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors 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) dividend on an annualized basis and a yield of 7.4%.

Insider Buying and Selling

In related news, VP Stephen Thomas Minar bought 4,320 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were bought at an average cost of $14.91 per share, for a total transaction of $64,411.20. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BGR. Cypress Capital Management LLC WY raised its stake in shares of BlackRock Energy and Resources Trust by 1.0% in the 3rd quarter. Cypress Capital Management LLC WY now owns 307,835 shares of the company’s stock valued at $4,177,000 after acquiring an additional 3,052 shares in the last quarter. UBS Group AG boosted its position in BlackRock Energy and Resources Trust by 1.2% during the fourth quarter. UBS Group AG now owns 225,951 shares of the company’s stock worth $3,059,000 after purchasing an additional 2,761 shares during the period. Truist Financial Corp grew its holdings in BlackRock Energy and Resources Trust by 4.0% during the fourth quarter. Truist Financial Corp now owns 167,142 shares of the company’s stock valued at $2,263,000 after purchasing an additional 6,358 shares during the last quarter. Royal Bank of Canada grew its holdings in BlackRock Energy and Resources Trust by 2.0% during the first quarter. Royal Bank of Canada now owns 157,022 shares of the company’s stock valued at $2,132,000 after purchasing an additional 3,137 shares during the last quarter. Finally, Moors & Cabot Inc. raised its position in shares of BlackRock Energy and Resources Trust by 27.9% in the fourth quarter. Moors & Cabot Inc. now owns 84,411 shares of the company’s stock valued at $1,143,000 after purchasing an additional 18,423 shares during the period.

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.