BlackRock Energy and Resources Trust (NYSE:BGR) Trading 0.2% Higher – Still a Buy?

Shares of BlackRock Energy and Resources Trust (NYSE:BGR) were up 0.2% during mid-day trading on Tuesday . The stock traded as high as $16.95 and last traded at $16.8650. Approximately 56,762 shares were traded during trading, a decline of 66% from the average daily volume of 166,090 shares. The stock had previously closed at $16.83.

BlackRock Energy and Resources Trust Stock Performance

The stock has a 50-day moving average price of $16.28 and a 200-day moving average price of $14.78.

BlackRock Energy and Resources Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.0973 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 6.9%.

Insider Buying and Selling at BlackRock Energy and Resources Trust

In other news, VP Stephen Thomas Minar acquired 4,320 shares of BlackRock Energy and Resources Trust stock in a transaction on Tuesday, February 10th. The stock was acquired at an average cost of $14.91 per share, with a total value of $64,411.20. Following the completion of the acquisition, the vice president owned 4,320 shares in the company, valued at approximately $64,411.20. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of BlackRock Energy and Resources Trust

Several institutional investors and hedge funds have recently modified their holdings of BGR. Royal Bank of Canada raised its holdings in shares of BlackRock Energy and Resources Trust by 2.0% in the 1st quarter. Royal Bank of Canada now owns 157,022 shares of the company’s stock valued at $2,132,000 after acquiring an additional 3,137 shares in the last quarter. Spirepoint Private Client LLC purchased a new stake in shares of BlackRock Energy and Resources Trust during the 3rd quarter valued at $136,000. Ashton Thomas Securities LLC raised its position in shares of BlackRock Energy and Resources Trust by 7.0% during the 3rd quarter. Ashton Thomas Securities LLC now owns 45,955 shares of the company’s stock valued at $624,000 after buying an additional 3,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of BlackRock Energy and Resources Trust by 1.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 74,057 shares of the company’s stock valued at $1,000,000 after buying an additional 1,020 shares in the last quarter. Finally, Samalin Investment Counsel LLC raised its position in shares of BlackRock Energy and Resources Trust by 1.9% during the 3rd quarter. Samalin Investment Counsel LLC now owns 74,947 shares of the company’s stock valued at $1,017,000 after buying an additional 1,364 shares in the last quarter.

About BlackRock Energy and Resources Trust

BlackRock Energy and Resources Trust (NYSE: BGR) is a closed-end management investment company that seeks to provide a combination of current income and long-term capital appreciation. The trust focuses its investments primarily on equity and equity-related securities of companies engaged in the energy and natural resources sectors, including exploration, production, refining, distribution and related services.

The trust’s portfolio typically comprises common stocks, American Depositary Receipts (ADRs), master limited partnerships (MLPs) and other equity-linked instruments issued by firms operating in upstream and downstream energy markets, metals and mining, chemicals and related industries.