Saba Capital Management L.P. Makes New $603,000 Investment in BlackRock Energy and Resources Trust (NYSE:BGR)

Saba Capital Management L.P. bought a new position in shares of BlackRock Energy and Resources Trust (NYSE:BGR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 47,819 shares of the company’s stock, valued at approximately $603,000.

Several other hedge funds have also recently modified their holdings of the company. Stifel Financial Corp lifted its position in shares of BlackRock Energy and Resources Trust by 4.9% during the 4th quarter. Stifel Financial Corp now owns 31,769 shares of the company’s stock worth $401,000 after buying an additional 1,491 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of BlackRock Energy and Resources Trust by 25.5% during the 4th quarter. Private Advisor Group LLC now owns 18,525 shares of the company’s stock worth $234,000 after buying an additional 3,763 shares in the last quarter. Millstone Evans Group LLC bought a new position in shares of BlackRock Energy and Resources Trust during the 4th quarter worth approximately $54,000. Samalin Investment Counsel LLC lifted its position in shares of BlackRock Energy and Resources Trust by 6.9% during the 4th quarter. Samalin Investment Counsel LLC now owns 67,267 shares of the company’s stock worth $848,000 after buying an additional 4,368 shares in the last quarter. Finally, Truist Financial Corp increased its stake in shares of BlackRock Energy and Resources Trust by 5.0% during the 4th quarter. Truist Financial Corp now owns 135,942 shares of the company’s stock worth $1,714,000 after purchasing an additional 6,506 shares during the last quarter.

BlackRock Energy and Resources Trust Stock Performance

Shares of BGR stock opened at $12.64 on Friday. The company has a 50 day moving average of $12.60 and a 200-day moving average of $13.03. BlackRock Energy and Resources Trust has a 12-month low of $11.08 and a 12-month high of $13.94.

BlackRock Energy and Resources Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.0973 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.17 annualized dividend and a dividend yield of 9.24%.

BlackRock Energy and Resources Trust Company Profile

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.