BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.10 and traded as low as $22.28. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $22.48, with a volume of 47,061 shares traded.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Up 1.3 %

The company has a fifty day moving average of $22.52 and a 200-day moving average of $23.10.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $0.136 dividend. This represents a $1.63 annualized dividend and a yield of 7.26%. The ex-dividend date is Tuesday, April 15th.

Institutional Investors Weigh In On BlackRock Utilities, Infrastructure & Power Opportunities Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in BUI. Raymond James Financial Inc. purchased a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 4th quarter valued at about $5,473,000. Bank of America Corp DE boosted its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 9.4% during the 4th quarter. Bank of America Corp DE now owns 435,893 shares of the real estate investment trust’s stock worth $10,213,000 after purchasing an additional 37,284 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 216.6% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 48,017 shares of the real estate investment trust’s stock valued at $1,125,000 after purchasing an additional 32,852 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 57.8% in the fourth quarter. Wells Fargo & Company MN now owns 76,415 shares of the real estate investment trust’s stock valued at $1,790,000 after purchasing an additional 27,979 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 4.9% during the fourth quarter. Ameriprise Financial Inc. now owns 409,909 shares of the real estate investment trust’s stock worth $9,580,000 after buying an additional 19,078 shares in the last quarter.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Company 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.