Raymond James Trust N.A. Invests $159,000 in BlackRock Energy and Resources Trust (NYSE:BGR)

Raymond James Trust N.A. bought a new stake in BlackRock Energy and Resources Trust (NYSE:BGR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,366 shares of the company’s stock, valued at approximately $159,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BGR. Allspring Global Investments Holdings LLC increased its position in shares of BlackRock Energy and Resources Trust by 15.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,842,055 shares of the company’s stock valued at $24,352,000 after acquiring an additional 242,603 shares during the last quarter. City of London Investment Management Co. Ltd. increased its position in shares of BlackRock Energy and Resources Trust by 19.9% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 1,581,597 shares of the company’s stock worth $20,909,000 after purchasing an additional 262,451 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of BlackRock Energy and Resources Trust by 43.8% in the 2nd quarter. Raymond James & Associates now owns 197,536 shares of the company’s stock valued at $2,611,000 after buying an additional 60,177 shares during the last quarter. Truist Financial Corp grew its stake in shares of BlackRock Energy and Resources Trust by 0.7% in the second quarter. Truist Financial Corp now owns 162,487 shares of the company’s stock valued at $2,148,000 after buying an additional 1,175 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its holdings in BlackRock Energy and Resources Trust by 74.0% during the third quarter. Wolverine Asset Management LLC now owns 103,908 shares of the company’s stock worth $1,338,000 after buying an additional 44,174 shares during the last quarter.

BlackRock Energy and Resources Trust Trading Down 0.7 %

Shares of BGR stock opened at $13.69 on Friday. The company has a fifty day moving average price of $13.17 and a two-hundred day moving average price of $13.07. BlackRock Energy and Resources Trust has a one year low of $11.86 and a one year high of $13.85.

BlackRock Energy and Resources Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 16th will be issued a dividend of $0.0973 per share. This represents a $1.17 dividend on an annualized basis and a yield of 8.53%. The ex-dividend date of this dividend is Monday, December 16th.

About BlackRock Energy and Resources Trust

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.