Apollon Wealth Management LLC Sells 1,563 Shares of BlackRock Energy and Resources Trust (NYSE:BGR)

Apollon Wealth Management LLC trimmed its holdings in BlackRock Energy and Resources Trust (NYSE:BGR) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,483 shares of the company’s stock after selling 1,563 shares during the quarter. Apollon Wealth Management LLC’s holdings in BlackRock Energy and Resources Trust were worth $972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of BGR. Janney Montgomery Scott LLC increased its stake in shares of BlackRock Energy and Resources Trust by 1.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 50,466 shares of the company’s stock worth $669,000 after acquiring an additional 861 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of BlackRock Energy and Resources Trust in the 1st quarter worth about $161,000. Raymond James & Associates increased its stake 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 worth $2,611,000 after acquiring an additional 60,177 shares in the last quarter. All Season Financial Advisors Inc. grew its position in BlackRock Energy and Resources Trust by 38.5% during the 2nd quarter. All Season Financial Advisors Inc. now owns 43,452 shares of the company’s stock valued at $574,000 after purchasing an additional 12,080 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in BlackRock Energy and Resources Trust by 15.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,842,055 shares of the company’s stock valued at $24,352,000 after purchasing an additional 242,603 shares during the last quarter.

BlackRock Energy and Resources Trust Price Performance

Shares of BGR stock opened at $13.37 on Friday. BlackRock Energy and Resources Trust has a one year low of $11.86 and a one year high of $13.68. The company’s 50-day moving average is $12.99 and its 200 day moving average is $13.04.

BlackRock Energy and Resources Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.0754 per share. This represents a $0.90 annualized dividend and a yield of 6.77%. The ex-dividend date is Friday, November 15th.

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.