BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Share Price Crosses Above 200 Day Moving Average – Here’s Why

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.04 and traded as high as $28.25. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $28.1450, with a volume of 61,032 shares changing hands.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Down 0.0%

The company has a 50 day moving average price of $27.01 and a 200-day moving average price of $27.04.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.136 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 5.8%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 3.7% in 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 buying an additional 18,512 shares during the period. Bank of America Corp DE increased its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 5.0% in the third 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 during the period. Raymond James Financial Inc. increased its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.3% in the third 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 during the period. Invesco Ltd. increased its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.0% in the second 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, LPL Financial LLC increased its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 24.5% in the fourth quarter. LPL Financial LLC now owns 168,406 shares of the real estate investment trust’s stock valued at $4,326,000 after buying an additional 33,130 shares during the period.

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.