BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI – Get Free Report) announced a monthly dividend on Friday, June 5th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.154 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Tuesday, September 15th.
BlackRock Utilities, Infrastructure & Power Opportunities Trust Price Performance
BUI opened at $26.50 on Friday. The stock’s 50 day moving average price is $27.34 and its 200-day moving average price is $27.58. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 52-week low of $24.85 and a 52-week high of $30.80.
Hedge Funds Weigh In On BlackRock Utilities, Infrastructure & Power Opportunities Trust
Hedge funds and other institutional investors have recently modified their holdings of the stock. Readystate Asset Management LP bought a new position in BlackRock Utilities, Infrastructure & Power Opportunities Trust in the first quarter worth about $597,000. Sunbelt Securities Inc. bought a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 1st quarter valued at approximately $53,000. Wealthspire Retirement LLC boosted 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 in the last quarter. Fifth Third Bancorp bought a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 1st quarter valued at approximately $123,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 2.7% during the 1st 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 during the period.
About BlackRock Utilities, Infrastructure & Power Opportunities Trust
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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