BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $27.10 and traded as low as $25.37. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $25.82, with a volume of 78,725 shares traded.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Down 0.4%

The stock’s fifty day moving average price is $25.96 and its 200 day moving average price is $27.09.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a $0.1540 dividend. This represents a $1.85 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Friday, December 11th.

Hedge Funds Weigh In On BlackRock Utilities, Infrastructure & Power Opportunities Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Readystate Asset Management LP purchased a new position in BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 1st quarter worth $597,000. Fifth Third Bancorp bought a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 1st quarter valued at $123,000. Wealthspire Retirement LLC raised 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 purchasing an additional 2,275 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 1st quarter worth $53,000. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 4.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 26,648 shares of the real estate investment trust’s stock worth $664,000 after buying an additional 1,182 shares during the period.

About BlackRock Utilities, Infrastructure & Power Opportunities Trust

(Get Free Report)

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) is a closed-end investment company managed by BlackRock Advisors. The trust seeks to provide total return through a combination of current income and capital appreciation.

BUI invests primarily in equity securities of companies worldwide that are involved in the utilities, infrastructure and power sectors. Its portfolio may include businesses engaged in electric and gas utilities, energy infrastructure, transportation, communications infrastructure, and other activities supporting the generation, transmission, distribution, or use of power and essential services.

The trust also uses an options strategy, including writing covered call options on selected portfolio holdings, to generate income and potentially manage portfolio exposure.

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