BlackRock Energy and Resources Trust (NYSE:BGR) Trading Down 5.6% – Here’s What Happened

BlackRock Energy and Resources Trust (NYSE:BGR) shares traded down 5.6% during mid-day trading on Wednesday . The company traded as low as $16.28 and last traded at $16.3440. 391,007 shares were traded during trading, an increase of 112% from the average session volume of 184,510 shares. The stock had previously closed at $17.31.

BlackRock Energy and Resources Trust Stock Performance

The business’s 50-day moving average price is $15.71 and its 200 day moving average price is $14.33.

BlackRock Energy and Resources Trust Announces Dividend

The company also recently disclosed 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) dividend on an annualized basis and a yield of 7.1%.

Insiders Place Their Bets

In other BlackRock Energy and Resources Trust news, VP Stephen Thomas Minar bought 4,320 shares of the stock in a transaction dated Tuesday, February 10th. The stock was bought at an average cost of $14.91 per share, for a total transaction of $64,411.20. Following the completion of the purchase, the vice president directly owned 4,320 shares of the company’s stock, valued at approximately $64,411.20. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BGR. Rockefeller Capital Management L.P. raised its position in shares of BlackRock Energy and Resources Trust by 286.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,278 shares of the company’s stock valued at $71,000 after acquiring an additional 3,911 shares in the last quarter. SHP Wealth Management acquired a new position in BlackRock Energy and Resources Trust in the fourth quarter worth $31,000. NWF Advisory Services Inc. boosted its holdings in BlackRock Energy and Resources Trust by 21.4% in the fourth quarter. NWF Advisory Services Inc. now owns 13,303 shares of the company’s stock worth $180,000 after purchasing an additional 2,344 shares during the period. TMB Capital Partners LLC bought a new stake in BlackRock Energy and Resources Trust during the fourth quarter valued at $307,000. Finally, Cetera Investment Advisers increased its stake in BlackRock Energy and Resources Trust by 5.0% during the fourth quarter. Cetera Investment Advisers now owns 61,590 shares of the company’s stock valued at $834,000 after purchasing an additional 2,945 shares during the last quarter.

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.