Apollon Wealth Management LLC Decreases Stake in BlackRock Energy and Resources Trust (NYSE:BGR)

Apollon Wealth Management LLC lowered its holdings in BlackRock Energy and Resources Trust (NYSE:BGR) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,227 shares of the company’s stock after selling 1,256 shares during the quarter. Apollon Wealth Management LLC’s holdings in BlackRock Energy and Resources Trust were worth $936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of BGR. Wolverine Asset Management LLC raised its stake in shares of BlackRock Energy and Resources Trust by 74.0% in 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. Creative Planning bought a new stake in shares of BlackRock Energy and Resources Trust in the second quarter worth $416,000. Raymond James Trust N.A. bought a new stake in shares of BlackRock Energy and Resources Trust in the third quarter worth $159,000. Mezzasalma Advisors LLC bought a new stake in shares of BlackRock Energy and Resources Trust in the fourth quarter worth $138,000. Finally, Moors & Cabot Inc. bought a new stake in shares of BlackRock Energy and Resources Trust in the third quarter worth $137,000.

BlackRock Energy and Resources Trust Stock Up 0.3 %

Shares of BGR opened at $13.60 on Wednesday. BlackRock Energy and Resources Trust has a one year low of $12.05 and a one year high of $13.85. The business has a fifty day moving average of $13.14 and a 200 day moving average of $13.10.

BlackRock Energy and Resources Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.0973 dividend. This represents a $1.17 annualized dividend and a dividend yield of 8.59%. The ex-dividend date is Friday, February 14th.

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.