Advisors Asset Management Inc. Has $3.26 Million Position in BlackRock Energy and Resources Trust (NYSE:BGR)

Advisors Asset Management Inc. increased its stake in shares of BlackRock Energy and Resources Trust (NYSE:BGR) by 16.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 258,499 shares of the company’s stock after acquiring an additional 36,677 shares during the period. Advisors Asset Management Inc.’s holdings in BlackRock Energy and Resources Trust were worth $3,260,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of BGR. Moors & Cabot Inc. bought a new position in BlackRock Energy and Resources Trust in the third quarter valued at approximately $137,000. Raymond James Trust N.A. bought a new position in BlackRock Energy and Resources Trust in the third quarter valued at approximately $159,000. Brown Brothers Harriman & Co. bought a new position in BlackRock Energy and Resources Trust in the third quarter valued at approximately $56,000. Mezzasalma Advisors LLC bought a new position in BlackRock Energy and Resources Trust in the fourth quarter valued at approximately $138,000. Finally, Truist Financial Corp grew its stake in BlackRock Energy and Resources Trust by 5.0% in the fourth quarter. Truist Financial Corp now owns 135,942 shares of the company’s stock valued at $1,714,000 after purchasing an additional 6,506 shares in the last quarter.

BlackRock Energy and Resources Trust Stock Performance

BGR stock opened at $13.47 on Friday. BlackRock Energy and Resources Trust has a twelve month low of $12.10 and a twelve month high of $13.94. The business has a 50 day moving average price of $13.32 and a two-hundred day moving average price of $13.15.

BlackRock Energy and Resources Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.0973 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 8.67%.

BlackRock Energy and Resources Trust Profile

BlackRock Energy and Resources Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe, with an emphasis on the United States. The fund seeks to invest in stocks of companies operating in the energy and natural resources sectors.