Choreo LLC Purchases Shares of 10,245 BlackRock Energy and Resources Trust (NYSE:BGR)

Choreo LLC purchased a new position in BlackRock Energy and Resources Trust (NYSE:BGR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,245 shares of the company’s stock, valued at approximately $128,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. City of London Investment Management Co. Ltd. bought a new stake in BlackRock Energy and Resources Trust during the 3rd quarter worth approximately $7,826,000. Wolverine Asset Management LLC lifted its position in shares of BlackRock Energy and Resources Trust by 382.2% during the third quarter. Wolverine Asset Management LLC now owns 138,277 shares of the company’s stock valued at $1,813,000 after purchasing an additional 109,599 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in BlackRock Energy and Resources Trust in the 4th quarter valued at about $388,000. Janney Montgomery Scott LLC increased its position in shares of BlackRock Energy and Resources Trust by 64.7% during the third quarter. Janney Montgomery Scott LLC now owns 47,701 shares of the company’s stock valued at $625,000 after acquiring an additional 18,733 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of BlackRock Energy and Resources Trust during the 3rd quarter valued at $186,000.

BlackRock Energy and Resources Trust Price Performance

Shares of NYSE:BGR opened at $13.12 on Friday. The company’s 50-day moving average is $13.02 and its 200 day moving average is $12.64. BlackRock Energy and Resources Trust has a fifty-two week low of $11.38 and a fifty-two week high of $13.68.

BlackRock Energy and Resources Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.066 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.79 annualized dividend and a dividend yield of 6.04%.

BlackRock Energy and Resources Trust Company Profile

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.