Nations Financial Group Inc. IA ADV Trims Holdings in BlackRock Energy and Resources Trust (NYSE:BGR)

Nations Financial Group Inc. IA ADV reduced its holdings in shares of BlackRock Energy and Resources Trust (NYSE:BGR) by 19.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 26,980 shares of the company’s stock after selling 6,678 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in BlackRock Energy and Resources Trust were worth $348,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its stake in shares of 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 buying an additional 242,603 shares during the last quarter. City of London Investment Management Co. Ltd. lifted its stake in BlackRock Energy and Resources Trust by 19.9% during the second 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 lifted its stake in BlackRock Energy and Resources Trust by 43.8% during the second quarter. Raymond James & Associates now owns 197,536 shares of the company’s stock worth $2,611,000 after purchasing an additional 60,177 shares during the last quarter. Truist Financial Corp lifted its stake in BlackRock Energy and Resources Trust by 0.7% during the second quarter. Truist Financial Corp now owns 162,487 shares of the company’s stock worth $2,148,000 after purchasing an additional 1,175 shares during the last quarter. Finally, Wolverine Asset Management LLC lifted its stake 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 purchasing an additional 44,174 shares during the last quarter.

BlackRock Energy and Resources Trust Stock Performance

Shares of BGR opened at $13.55 on Friday. The business’s fifty day moving average price is $12.97 and its 200 day moving average price is $13.04. BlackRock Energy and Resources Trust has a 12-month low of $11.86 and a 12-month high of $13.68.

BlackRock Energy and Resources Trust Announces Dividend

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 paid a dividend of $0.0754 per share. This represents a $0.90 annualized dividend and a yield of 6.68%. The ex-dividend date of this dividend 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.