BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUIGet Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.76 and traded as low as $26.93. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $26.9950, with a volume of 75,903 shares.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Trading Down 1.3%

The company has a 50-day simple moving average of $27.99 and a two-hundred day simple moving average of $27.76.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.154 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Tuesday, September 15th.

Institutional Investors Weigh In On BlackRock Utilities, Infrastructure & Power Opportunities Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Readystate Asset Management LP purchased a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 1st quarter worth about $597,000. Wealthspire Retirement LLC lifted its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.9% during the 1st quarter. Wealthspire Retirement LLC now owns 124,426 shares of the real estate investment trust’s stock valued at $3,282,000 after acquiring an additional 2,275 shares during the period. Janney Montgomery Scott LLC boosted its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 2.7% during the first quarter. Janney Montgomery Scott LLC now owns 18,178 shares of the real estate investment trust’s stock worth $480,000 after acquiring an additional 474 shares in the last quarter. Smith Asset Management Co. LLC boosted its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 9.1% during the fourth quarter. Smith Asset Management Co. LLC now owns 53,262 shares of the real estate investment trust’s stock worth $1,368,000 after acquiring an additional 4,451 shares in the last quarter. Finally, Harbour Investments Inc. boosted its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 268.0% during the fourth quarter. Harbour Investments Inc. now owns 2,580 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 1,879 shares in the last quarter.

About BlackRock Utilities, Infrastructure & Power Opportunities Trust

(Get Free Report)

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI) is a closed-end management investment company that seeks to provide investors with a diversified portfolio of global utilities, infrastructure and power-related securities. Managed by BlackRock Advisors, the trust taps into BlackRock’s expansive research platform to identify companies involved in the generation, transmission and distribution of essential services such as electricity, water, transportation and renewable energy.

The trust’s primary objective is total return, emphasizing both current income and capital appreciation.

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