BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Stock Price Passes Below 200 Day Moving Average – Here’s Why

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.25 and traded as low as $23.08. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $23.20, with a volume of 40,367 shares traded.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Price Performance

The firm has a 50-day simple moving average of $23.36 and a 200 day simple moving average of $23.25.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.136 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.63 dividend on an annualized basis and a yield of 7.03%.

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

Institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC raised its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 204.8% during the 3rd quarter. Larson Financial Group LLC now owns 4,167 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 2,800 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the third quarter worth approximately $218,000. B. Riley Wealth Advisors Inc. boosted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 4.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 15,241 shares of the real estate investment trust’s stock valued at $369,000 after acquiring an additional 639 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 3rd quarter valued at approximately $377,000. Finally, Consolidated Portfolio Review Corp raised its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.0% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 43,279 shares of the real estate investment trust’s stock worth $1,075,000 after purchasing an additional 433 shares during 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.