BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Stock Passes Above 50-Day Moving Average – Here’s What Happened

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $26.67 and traded as high as $26.75. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $26.57, with a volume of 62,388 shares changing hands.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Trading Up 0.3%

The business has a fifty day moving average of $26.67 and a 200-day moving average of $25.45.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be issued a dividend of $0.136 per share. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Wednesday, October 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. increased its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 6.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 96,827 shares of the real estate investment trust’s stock valued at $2,534,000 after purchasing an additional 6,045 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 2nd quarter valued at approximately $547,000. Ameriprise Financial Inc. boosted its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 7.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 493,863 shares of the real estate investment trust’s stock valued at $12,717,000 after acquiring an additional 32,270 shares in the last quarter. Raymond James Financial Inc. boosted its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 4.7% during the 2nd quarter. Raymond James Financial Inc. now owns 331,097 shares of the real estate investment trust’s stock valued at $8,526,000 after acquiring an additional 14,828 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 7.4% during the 2nd quarter. NewEdge Advisors LLC now owns 14,985 shares of the real estate investment trust’s stock valued at $386,000 after acquiring an additional 1,032 shares in the last quarter.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Company Profile

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.