Cornerstone Advisors LLC Reduces Position in BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI)

Cornerstone Advisors LLC lowered its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) by 36.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 173,752 shares of the real estate investment trust’s stock after selling 100,378 shares during the period. Cornerstone Advisors LLC’s holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust were worth $4,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 718.6% in the 2nd quarter. Larson Financial Group LLC now owns 1,367 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,200 shares during the last quarter. Register Financial Advisors LLC boosted its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 13.9% in the second quarter. Register Financial Advisors LLC now owns 4,100 shares of the real estate investment trust’s stock valued at $91,000 after acquiring an additional 500 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the third quarter worth about $218,000. M3 Advisory Group LLC acquired a new position in BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 2nd quarter worth approximately $201,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 9.7% in the first quarter. Janney Montgomery Scott LLC now owns 11,298 shares of the real estate investment trust’s stock valued at $244,000 after buying an additional 1,000 shares in the last quarter.

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

Shares of BUI opened at $23.20 on Thursday. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 52-week low of $19.95 and a 52-week high of $24.94. The company has a 50-day simple moving average of $23.68 and a 200-day simple moving average of $23.00.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

The firm 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 $0.121 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.45 dividend on an annualized basis and a yield of 6.26%.

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.