Raymond James Financial Inc. Acquires New Position in BlackRock Energy and Resources Trust (NYSE:BGR)

Raymond James Financial Inc. acquired a new stake in shares of BlackRock Energy and Resources Trust (NYSE:BGR) in the 4th quarter, HoldingsChannel reports. The firm acquired 386,116 shares of the company’s stock, valued at approximately $4,869,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new position in shares of BlackRock Energy and Resources Trust in the 3rd quarter valued at $56,000. Mezzasalma Advisors LLC bought a new position in BlackRock Energy and Resources Trust in the fourth quarter valued at about $138,000. Raymond James Trust N.A. acquired a new position in BlackRock Energy and Resources Trust during the third quarter worth about $159,000. Concurrent Investment Advisors LLC bought a new position in shares of BlackRock Energy and Resources Trust in the fourth quarter worth about $223,000. Finally, Private Advisor Group LLC boosted its stake in shares of BlackRock Energy and Resources Trust by 25.5% in the 4th quarter. Private Advisor Group LLC now owns 18,525 shares of the company’s stock valued at $234,000 after purchasing an additional 3,763 shares in the last quarter.

BlackRock Energy and Resources Trust Trading Up 0.7 %

BGR stock opened at $13.66 on Wednesday. The company has a 50 day simple moving average of $13.33 and a 200 day simple moving average of $13.17. BlackRock Energy and Resources Trust has a 1 year low of $12.10 and a 1 year high of $13.94.

BlackRock Energy and Resources Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0973 per share. The ex-dividend date is Friday, March 14th. This represents a $1.17 annualized dividend and a dividend yield of 8.55%.

BlackRock Energy and Resources Trust Profile

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.