BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Stock Passes Above 50 Day Moving Average – Here’s Why

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $27.62 and traded as high as $28.35. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $28.18, with a volume of 58,323 shares.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Trading Up 0.4%

The firm has a fifty day moving average price of $27.62 and a 200-day moving average price of $27.31.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.6%.

Institutional Trading of BlackRock Utilities, Infrastructure & Power Opportunities Trust

A number of hedge funds have recently added to or reduced their stakes in BUI. PMG Family Office LLC purchased a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 3rd quarter worth about $878,000. LPL Financial LLC grew its holdings in 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 purchasing an additional 33,130 shares during the period. Ameriprise Financial Inc. grew its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 7.0% in the second quarter. Ameriprise Financial Inc. now owns 493,863 shares of the real estate investment trust’s stock valued at $12,717,000 after purchasing an additional 32,270 shares during the period. Wells Fargo & Company MN increased its position 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 last quarter. Finally, OpenArc Corporate Advisory LLC acquired a new position in BlackRock Utilities, Infrastructure & Power Opportunities Trust during the fourth quarter worth approximately $720,000.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Company Profile

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.