Raymond James Financial Inc. Invests $5.47 Million in BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI)

Raymond James Financial Inc. purchased a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 233,597 shares of the real estate investment trust’s stock, valued at approximately $5,473,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC raised its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 6.9% during the 4th quarter. SeaCrest Wealth Management LLC now owns 9,374 shares of the real estate investment trust’s stock worth $220,000 after purchasing an additional 603 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 4.4% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 15,241 shares of the real estate investment trust’s stock worth $369,000 after buying an additional 639 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 15.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,898 shares of the real estate investment trust’s stock valued at $302,000 after acquiring an additional 1,700 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 204.8% in the third quarter. Larson Financial Group LLC now owns 4,167 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Prairie Wealth Advisors Inc. boosted its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 12.5% in the fourth quarter. Prairie Wealth Advisors Inc. now owns 65,048 shares of the real estate investment trust’s stock worth $1,524,000 after acquiring an additional 7,205 shares during the last quarter.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Performance

Shares of BUI stock opened at $22.89 on Tuesday. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a fifty-two week low of $20.11 and a fifty-two week high of $24.94. The stock’s fifty day moving average is $22.98 and its two-hundred day moving average is $23.34.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.136 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.63 dividend on an annualized basis and a yield of 7.13%.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Profile

BlackRock Utility, Infrastructure & Power Opportunities Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the utilities and infrastructure sectors.