BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Shares Cross Above 50 Day Moving Average – Time to Sell?

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $28.01 and traded as high as $28.60. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $28.3580, with a volume of 61,953 shares.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Trading Down 0.1%

The company has a fifty day moving average price of $28.01 and a two-hundred day moving average price of $27.50.

BlackRock Utilities, Infrastructure & Power Opportunities 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 paid a dividend of $0.154 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.5%.

Institutional Trading of BlackRock Utilities, Infrastructure & Power Opportunities Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. PMG Family Office LLC purchased a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 3rd quarter worth $878,000. LPL Financial LLC increased its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 24.5% during the fourth quarter. LPL Financial LLC now owns 168,406 shares of the real estate investment trust’s stock worth $4,326,000 after purchasing an additional 33,130 shares during the last quarter. Ameriprise Financial Inc. increased its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 7.0% during the second quarter. Ameriprise Financial Inc. now owns 493,863 shares of the real estate investment trust’s stock worth $12,717,000 after purchasing an additional 32,270 shares during the last quarter. Wells Fargo & Company MN raised its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 20.9% during the fourth quarter. Wells Fargo & Company MN now owns 164,337 shares of the real estate investment trust’s stock worth $4,222,000 after purchasing an additional 28,382 shares during the period. Finally, OpenArc Corporate Advisory LLC purchased a new position in BlackRock Utilities, Infrastructure & Power Opportunities Trust during the fourth quarter worth about $720,000.

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.