BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Stock Passes Below 200-Day Moving Average – Time to Sell?

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.18 and traded as low as $21.42. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $22.09, with a volume of 79,128 shares trading hands.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Down 1.0 %

The company has a fifty day moving average price of $22.60 and a 200 day moving average price of $23.17.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.136 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.63 dividend on an annualized basis and a yield of 7.46%.

Institutional Trading of BlackRock Utilities, Infrastructure & Power Opportunities Trust

Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 9.4% during the 4th quarter. Bank of America Corp DE now owns 435,893 shares of the real estate investment trust’s stock valued at $10,213,000 after buying an additional 37,284 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 4.9% in the fourth quarter. Ameriprise Financial Inc. now owns 409,909 shares of the real estate investment trust’s stock valued at $9,580,000 after acquiring an additional 19,078 shares during the period. Invesco Ltd. raised its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 4.2% during the fourth quarter. Invesco Ltd. now owns 240,067 shares of the real estate investment trust’s stock valued at $5,625,000 after acquiring an additional 9,666 shares during the last quarter. Raymond James Financial Inc. bought a new position in BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 4th quarter valued at approximately $5,473,000. Finally, NFP Retirement Inc. lifted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.8% in the 4th quarter. NFP Retirement Inc. now owns 108,239 shares of the real estate investment trust’s stock worth $2,536,000 after buying an additional 1,869 shares during the period.

About BlackRock Utilities, Infrastructure & Power Opportunities Trust

BlackRock Utility, Infrastructure & Power Opportunities Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the utilities and infrastructure sectors.