Wealth Effects LLC Has $227,000 Stake in BlackRock Energy and Resources Trust (NYSE:BGR)

Wealth Effects LLC reduced its stake in shares of BlackRock Energy and Resources Trust (NYSE:BGR) by 16.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 18,000 shares of the company’s stock after selling 3,500 shares during the quarter. Wealth Effects LLC’s holdings in BlackRock Energy and Resources Trust were worth $227,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BGR. Creative Planning bought a new position in shares of BlackRock Energy and Resources Trust in the second quarter worth about $416,000. Truist Financial Corp increased its holdings in shares of BlackRock Energy and Resources Trust by 0.7% in the second quarter. Truist Financial Corp now owns 162,487 shares of the company’s stock valued at $2,148,000 after purchasing an additional 1,175 shares in the last quarter. NBC Securities Inc. raised its position in BlackRock Energy and Resources Trust by 19.6% in the 3rd quarter. NBC Securities Inc. now owns 9,164 shares of the company’s stock worth $118,000 after purchasing an additional 1,500 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in BlackRock Energy and Resources Trust by 74.0% during the 3rd 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 in the last quarter. Finally, Moors & Cabot Inc. bought a new position in BlackRock Energy and Resources Trust in the 3rd quarter valued at $137,000.

BlackRock Energy and Resources Trust Trading Down 1.1 %

BlackRock Energy and Resources Trust stock opened at $13.10 on Wednesday. The business’s 50-day simple moving average is $13.20 and its 200 day simple moving average is $13.08. BlackRock Energy and Resources Trust has a 12-month low of $11.88 and a 12-month high of $13.85.

BlackRock Energy and Resources Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.0973 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.17 dividend on an annualized basis and a yield of 8.91%.

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.