BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $27.78 and traded as low as $27.17. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $27.34, with a volume of 57,773 shares trading hands.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Trading Down 1.1%

The company has a fifty day moving average price of $27.88 and a 200 day moving average price of $27.77.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.154 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Investors Weigh In On BlackRock Utilities, Infrastructure & Power Opportunities Trust

A number of institutional investors have recently added to or reduced their stakes in BUI. IFP Advisors Inc bought a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 4th quarter worth approximately $40,000. Cullen Frost Bankers Inc. bought a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the fourth quarter valued at approximately $43,000. Sunbelt Securities Inc. purchased a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the first quarter valued at approximately $53,000. Harbour Investments Inc. increased its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 268.0% during the fourth quarter. Harbour Investments Inc. now owns 2,580 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 1,879 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust during the first quarter worth $123,000.

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.