Apollon Wealth Management LLC Sells 6,167 Shares of BlackRock Energy and Resources Trust $BGR

Apollon Wealth Management LLC lowered its stake in BlackRock Energy and Resources Trust (NYSE:BGR) by 8.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 63,735 shares of the company’s stock after selling 6,167 shares during the quarter. Apollon Wealth Management LLC’s holdings in BlackRock Energy and Resources Trust were worth $845,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Garde Capital Inc. bought a new stake in BlackRock Energy and Resources Trust in the first quarter valued at $30,000. Golden State Wealth Management LLC lifted its position in BlackRock Energy and Resources Trust by 66.4% during the first quarter. Golden State Wealth Management LLC now owns 2,766 shares of the company’s stock valued at $38,000 after buying an additional 1,104 shares during the period. PNC Financial Services Group Inc. lifted its position in BlackRock Energy and Resources Trust by 19.6% during the first quarter. PNC Financial Services Group Inc. now owns 6,091 shares of the company’s stock valued at $83,000 after buying an additional 1,000 shares during the period. Elequin Capital LP lifted its position in BlackRock Energy and Resources Trust by 96.3% during the first quarter. Elequin Capital LP now owns 6,355 shares of the company’s stock valued at $86,000 after buying an additional 3,117 shares during the period. Finally, Moors & Cabot Inc. purchased a new position in BlackRock Energy and Resources Trust during the first quarter valued at $141,000.

BlackRock Energy and Resources Trust Price Performance

Shares of BlackRock Energy and Resources Trust stock opened at $13.16 on Thursday. The business has a fifty day simple moving average of $13.43 and a two-hundred day simple moving average of $13.01. 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 Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.0973 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 8.9%.

BlackRock Energy and Resources Trust 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.