Absolute Investment Advisers LLC Purchases New Shares in BlackRock Energy and Resources Trust $BGR

Absolute Investment Advisers LLC bought a new stake in shares of BlackRock Energy and Resources Trust (NYSE:BGR) during the first quarter, Holdings Channel.com reports. The fund bought 228,480 shares of the company’s stock, valued at approximately $3,955,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. acquired a new position in BlackRock Energy and Resources Trust in the 4th quarter worth about $27,000. SHP Wealth Management acquired a new stake in BlackRock Energy and Resources Trust in the fourth quarter valued at approximately $31,000. Triumph Capital Management purchased a new stake in shares of BlackRock Energy and Resources Trust in the third quarter valued at approximately $33,000. EverSource Wealth Advisors LLC increased its position in shares of BlackRock Energy and Resources Trust by 392.2% in the third quarter. EverSource Wealth Advisors LLC now owns 5,020 shares of the company’s stock valued at $68,000 after buying an additional 4,000 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of BlackRock Energy and Resources Trust by 286.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,278 shares of the company’s stock valued at $71,000 after buying an additional 3,911 shares in the last quarter.

BlackRock Energy and Resources Trust Stock Up 0.0%

Shares of BGR stock opened at $14.66 on Monday. BlackRock Energy and Resources Trust has a 1-year low of $12.92 and a 1-year high of $17.70. The stock has a 50 day simple moving average of $15.88 and a 200-day simple moving average of $15.38.

BlackRock Energy and Resources Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0973 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 8.0%.

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.