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

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI)’s stock price passed 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 changing hands.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Performance

The business’s 50 day simple moving average is $23.36 and its 200-day simple moving average is $23.26.

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. This represents a $1.63 dividend on an annualized basis and a yield of 7.03%. The ex-dividend date is Wednesday, January 15th.

Institutional Trading of BlackRock Utilities, Infrastructure & Power Opportunities Trust

Several hedge funds have recently added to or reduced their stakes in BUI. Cornerstone Advisors LLC increased its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 12.4% during the second quarter. Cornerstone Advisors LLC now owns 274,130 shares of the real estate investment trust’s stock valued at $6,072,000 after acquiring an additional 30,276 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 65.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 44,410 shares of the real estate investment trust’s stock valued at $1,103,000 after purchasing an additional 17,510 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 3rd quarter valued at $377,000. Stifel Financial Corp raised its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 36.6% in the 3rd quarter. Stifel Financial Corp now owns 46,952 shares of the real estate investment trust’s stock worth $1,166,000 after buying an additional 12,571 shares in the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the third quarter valued at $218,000.

About BlackRock Utilities, Infrastructure & Power Opportunities Trust

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.