BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Stock Crosses Above 50-Day Moving Average of $23.08

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $23.08 and traded as high as $24.00. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $23.99, with a volume of 35,350 shares changing hands.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Trading Up 0.4 %

The company has a fifty day moving average of $23.08 and a two-hundred day moving average of $22.27.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.121 per share. This represents a $1.45 annualized dividend and a yield of 6.05%. The ex-dividend date is Tuesday, October 15th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BUI. Cornerstone Advisors LLC lifted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 21.8% during the 1st quarter. Cornerstone Advisors LLC now owns 243,854 shares of the real estate investment trust’s stock worth $5,260,000 after buying an additional 43,603 shares during the period. Consolidated Portfolio Review Corp raised its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 254.8% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 42,846 shares of the real estate investment trust’s stock worth $949,000 after acquiring an additional 30,771 shares in the last quarter. M3 Advisory Group LLC bought a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 2nd quarter worth about $201,000. Commonwealth Equity Services LLC raised its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 8.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 64,274 shares of the real estate investment trust’s stock worth $1,386,000 after acquiring an additional 5,217 shares in the last quarter. Finally, Register Financial Advisors LLC bought a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 1st quarter worth about $78,000.

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.