Private Advisor Group LLC Boosts Holdings in BlackRock Energy and Resources Trust (NYSE:BGR)

Private Advisor Group LLC increased its holdings in BlackRock Energy and Resources Trust (NYSE:BGR) by 25.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,525 shares of the company’s stock after purchasing an additional 3,763 shares during the period. Private Advisor Group LLC’s holdings in BlackRock Energy and Resources Trust were worth $234,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new position in BlackRock Energy and Resources Trust in the 3rd quarter worth approximately $56,000. Moors & Cabot Inc. purchased a new stake in shares of BlackRock Energy and Resources Trust during the 3rd quarter worth approximately $137,000. Mezzasalma Advisors LLC purchased a new stake in shares of BlackRock Energy and Resources Trust during the 4th quarter worth approximately $138,000. Raymond James Trust N.A. purchased a new stake in shares of BlackRock Energy and Resources Trust during the 3rd quarter worth approximately $159,000. Finally, Wolverine Asset Management LLC raised its holdings in shares of BlackRock Energy and Resources Trust by 74.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 103,908 shares of the company’s stock worth $1,338,000 after acquiring an additional 44,174 shares in the last quarter.

BlackRock Energy and Resources Trust Stock Down 0.5 %

Shares of BGR opened at $12.89 on Friday. BlackRock Energy and Resources Trust has a 1 year low of $12.10 and a 1 year high of $13.94. The business’s 50 day simple moving average is $13.26 and its 200-day simple moving average is $13.15.

BlackRock Energy and Resources Trust Announces Dividend

The company also recently disclosed 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 of this dividend is Friday, March 14th. This represents a $1.17 annualized dividend and a dividend yield of 9.06%.

About BlackRock Energy and Resources Trust

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.