Advisors Asset Management Inc. Sells 81,744 Shares of BlackRock Energy and Resources Trust (NYSE:BGR)

Advisors Asset Management Inc. lessened its holdings in BlackRock Energy and Resources Trust (NYSE:BGR) by 26.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 221,822 shares of the company’s stock after selling 81,744 shares during the quarter. Advisors Asset Management Inc.’s holdings in BlackRock Energy and Resources Trust were worth $2,857,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BGR. NBC Securities Inc. boosted its stake in BlackRock Energy and Resources Trust by 19.6% in the third quarter. NBC Securities Inc. now owns 9,164 shares of the company’s stock valued at $118,000 after buying an additional 1,500 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of BlackRock Energy and Resources Trust during the 1st quarter valued at approximately $161,000. Creative Planning acquired a new position in BlackRock Energy and Resources Trust during the 2nd quarter worth approximately $416,000. All Season Financial Advisors Inc. boosted its position in BlackRock Energy and Resources Trust by 38.5% in the second quarter. All Season Financial Advisors Inc. now owns 43,452 shares of the company’s stock valued at $574,000 after buying an additional 12,080 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its stake in shares of 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 buying an additional 44,174 shares during the last quarter.

BlackRock Energy and Resources Trust Trading Down 0.6 %

Shares of NYSE:BGR opened at $13.62 on Friday. BlackRock Energy and Resources Trust has a 52-week low of $11.86 and a 52-week high of $13.76. The company has a fifty day moving average of $13.10 and a 200-day moving average of $13.06.

BlackRock Energy and Resources Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.0754 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.90 annualized dividend and a yield of 6.64%.

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.