Advisors Asset Management Inc. Trims Position in BlackRock Energy and Resources Trust (NYSE:BGR)

Advisors Asset Management Inc. decreased its position in shares of BlackRock Energy and Resources Trust (NYSE:BGR) by 16.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 376,970 shares of the company’s stock after selling 75,281 shares during the period. Advisors Asset Management Inc.’s holdings in BlackRock Energy and Resources Trust were worth $4,995,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. City of London Investment Management Co. Ltd. lifted its stake in shares of BlackRock Energy and Resources Trust by 4.9% during the first quarter. City of London Investment Management Co. Ltd. now owns 1,319,146 shares of the company’s stock valued at $17,479,000 after buying an additional 61,795 shares during the period. Twin Focus Capital Partners LLC purchased a new position in shares of BlackRock Energy and Resources Trust during the fourth quarter valued at approximately $1,855,000. Truist Financial Corp lifted its stake in shares of BlackRock Energy and Resources Trust by 3.2% during the fourth quarter. Truist Financial Corp now owns 137,379 shares of the company’s stock valued at $1,710,000 after buying an additional 4,289 shares during the period. D.A. Davidson & CO. raised its stake in BlackRock Energy and Resources Trust by 13.5% during the fourth quarter. D.A. Davidson & CO. now owns 103,080 shares of the company’s stock worth $1,283,000 after purchasing an additional 12,287 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in BlackRock Energy and Resources Trust by 1.7% during the first quarter. Janney Montgomery Scott LLC now owns 50,466 shares of the company’s stock worth $669,000 after purchasing an additional 861 shares during the period.

BlackRock Energy and Resources Trust Stock Performance

NYSE:BGR traded down $0.04 during trading hours on Friday, reaching $13.09. 67,614 shares of the company were exchanged, compared to its average volume of 74,918. BlackRock Energy and Resources Trust has a 52-week low of $11.86 and a 52-week high of $13.68. The stock has a 50 day simple moving average of $13.07 and a 200 day simple moving average of $12.87.

BlackRock Energy and Resources Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be paid a dividend of $0.0657 per share. This represents a $0.79 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend is Monday, July 15th.

About BlackRock Energy and Resources Trust

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.