Formidable Asset Management LLC Takes $1.01 Million Position in BlackRock Energy and Resources Trust $BGR

Formidable Asset Management LLC bought a new position in BlackRock Energy and Resources Trust (NYSE:BGR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 74,339 shares of the company’s stock, valued at approximately $1,009,000.

A number of other large investors have also bought and sold shares of BGR. Royal Bank of Canada raised its position in BlackRock Energy and Resources Trust by 2.0% in the 1st quarter. Royal Bank of Canada now owns 157,022 shares of the company’s stock valued at $2,132,000 after purchasing an additional 3,137 shares during the last quarter. Spirepoint Private Client LLC bought a new stake in shares of BlackRock Energy and Resources Trust during the third quarter worth $136,000. Ashton Thomas Securities LLC grew its holdings in shares of BlackRock Energy and Resources Trust by 7.0% during the third quarter. Ashton Thomas Securities LLC now owns 45,955 shares of the company’s stock worth $624,000 after purchasing an additional 3,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of BlackRock Energy and Resources Trust by 1.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 74,057 shares of the company’s stock valued at $1,000,000 after buying an additional 1,020 shares in the last quarter. Finally, Samalin Investment Counsel LLC increased its stake in shares of BlackRock Energy and Resources Trust by 1.9% in the third quarter. Samalin Investment Counsel LLC now owns 74,947 shares of the company’s stock valued at $1,017,000 after buying an additional 1,364 shares in the last quarter.

BlackRock Energy and Resources Trust Stock Up 1.2%

BlackRock Energy and Resources Trust stock opened at $16.52 on Friday. The stock has a 50-day simple moving average of $15.74 and a 200 day simple moving average of $14.35. BlackRock Energy and Resources Trust has a 12-month low of $11.08 and a 12-month high of $17.70.

BlackRock Energy and Resources Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.0973 dividend. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date is Monday, June 15th.

Insider Buying and Selling at BlackRock Energy and Resources Trust

In related news, VP Stephen Thomas Minar bought 4,320 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was bought at an average cost of $14.91 per share, with a total value of $64,411.20. Following the completion of the purchase, the vice president owned 4,320 shares in the company, valued at approximately $64,411.20. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

BlackRock Energy and Resources Trust Company Profile

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.