BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Stock Passes Above 50 Day Moving Average – Here’s Why

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $27.62 and traded as high as $28.35. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $28.18, with a volume of 58,323 shares traded.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Up 0.4%

The business has a fifty day moving average price of $27.62 and a 200 day moving average price of $27.31.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.154 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust during the fourth quarter worth approximately $25,000. Trust Co. of Vermont acquired a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the fourth quarter worth $26,000. IFP Advisors Inc purchased a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 4th quarter valued at $40,000. Creekmur Asset Management LLC raised its stake in shares of 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 valued at $44,000 after acquiring an additional 952 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 4th quarter valued at $43,000.

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.