BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.10 and traded as low as $22.28. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $22.48, with a volume of 47,061 shares.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Performance

The firm has a fifty day moving average price of $22.52 and a 200 day moving average price of $23.09.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.136 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date is Tuesday, April 15th.

Institutional Trading of BlackRock Utilities, Infrastructure & Power Opportunities Trust

Hedge funds have recently modified their holdings of the stock. Stifel Financial Corp lifted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 36.6% during the 3rd quarter. Stifel Financial Corp now owns 46,952 shares of the real estate investment trust’s stock worth $1,166,000 after buying an additional 12,571 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 15.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,898 shares of the real estate investment trust’s stock worth $302,000 after acquiring an additional 1,700 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 8.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,859 shares of the real estate investment trust’s stock valued at $231,000 after acquiring an additional 761 shares during the period. SeaCrest Wealth Management LLC boosted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 6.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 9,374 shares of the real estate investment trust’s stock valued at $220,000 after acquiring an additional 603 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust in the fourth quarter worth about $5,473,000.

About BlackRock Utilities, Infrastructure & Power Opportunities Trust

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.