BlackRock Energy and Resources Trust (NYSE:BGR) Trading Up 0.3% – Still a Buy?

BlackRock Energy and Resources Trust (NYSE:BGR)’s stock price was up 0.3% during mid-day trading on Friday . The company traded as high as $13.61 and last traded at $13.4250. Approximately 108,962 shares traded hands during trading, an increase of 27% from the average daily volume of 85,807 shares. The stock had previously closed at $13.38.

BlackRock Energy and Resources Trust Price Performance

The stock’s fifty day simple moving average is $13.50 and its two-hundred day simple moving average is $13.40.

BlackRock Energy and Resources Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be paid a dividend of $0.0973 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) annualized dividend and a yield of 8.7%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp bought a new position in shares of BlackRock Energy and Resources Trust in the third quarter valued at $27,000. Triumph Capital Management acquired a new position in shares of BlackRock Energy and Resources Trust in the 3rd quarter worth $33,000. Creekmur Asset Management LLC acquired a new stake in shares of BlackRock Energy and Resources Trust during the second quarter worth $42,000. EverSource Wealth Advisors LLC raised its position in shares of BlackRock Energy and Resources Trust by 392.2% during the third quarter. EverSource Wealth Advisors LLC now owns 5,020 shares of the company’s stock worth $68,000 after purchasing an additional 4,000 shares during the period. Finally, Spirepoint Private Client LLC purchased a new stake in shares of BlackRock Energy and Resources Trust during the third quarter valued at $136,000.

About BlackRock Energy and Resources Trust

BlackRock Energy and Resources Trust (NYSE: BGR) is a closed-end management investment company that seeks to provide a combination of current income and long-term capital appreciation. The trust focuses its investments primarily on equity and equity-related securities of companies engaged in the energy and natural resources sectors, including exploration, production, refining, distribution and related services.

The trust’s portfolio typically comprises common stocks, American Depositary Receipts (ADRs), master limited partnerships (MLPs) and other equity-linked instruments issued by firms operating in upstream and downstream energy markets, metals and mining, chemicals and related industries.