Insider Buying: BlackRock Energy and Resources Trust (NYSE:BGR) VP Buys 4,320 Shares of Stock

BlackRock Energy and Resources Trust (NYSE:BGR) VP Stephen Thomas Minar acquired 4,320 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were purchased at an average price of $14.91 per share, for a total transaction of $64,411.20. Following the completion of the transaction, the vice president directly owned 4,320 shares in the company, valued at approximately $64,411.20. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

BlackRock Energy and Resources Trust Trading Down 1.8%

BGR stock traded down $0.27 during trading on Thursday, reaching $14.93. The company’s stock had a trading volume of 266,682 shares, compared to its average volume of 185,544. The company’s fifty day moving average is $14.17 and its 200-day moving average is $13.69. BlackRock Energy and Resources Trust has a 1 year low of $11.08 and a 1 year high of $15.66.

BlackRock Energy and Resources Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.0973 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 7.8%.

Hedge Funds Weigh In On BlackRock Energy and Resources Trust

Several hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC grew its stake in BlackRock Energy and Resources Trust by 14.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 22,854 shares of the company’s stock valued at $309,000 after acquiring an additional 2,843 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of BlackRock Energy and Resources Trust by 11.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 38,588 shares of the company’s stock valued at $522,000 after purchasing an additional 3,866 shares during the last quarter. Moors & Cabot Inc. grew its position in shares of BlackRock Energy and Resources Trust by 27.9% during the fourth quarter. Moors & Cabot Inc. now owns 84,411 shares of the company’s stock valued at $1,143,000 after purchasing an additional 18,423 shares in the last quarter. AlphaCore Capital LLC increased its holdings in shares of BlackRock Energy and Resources Trust by 41.8% in the fourth quarter. AlphaCore Capital LLC now owns 49,242 shares of the company’s stock worth $667,000 after purchasing an additional 14,504 shares during the last quarter. Finally, Truist Financial Corp grew its holdings in BlackRock Energy and Resources Trust by 4.0% during the 4th quarter. Truist Financial Corp now owns 167,142 shares of the company’s stock valued at $2,263,000 after buying an additional 6,358 shares in the last quarter.

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.