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

Shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.18 and traded as low as $21.42. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $22.09, with a volume of 79,128 shares trading hands.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Performance

The firm’s 50 day moving average is $22.60 and its 200 day moving average is $23.17.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.136 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 7.46%.

Institutional Trading of BlackRock Utilities, Infrastructure & Power Opportunities Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Stifel Financial Corp increased its holdings 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 during the last quarter. B. Riley Wealth Advisors Inc. increased its stake 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. SeaCrest Wealth Management LLC raised its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 6.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 9,374 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 603 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1,494.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,795 shares of the real estate investment trust’s stock worth $323,000 after purchasing an additional 12,930 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 216.6% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 48,017 shares of the real estate investment trust’s stock worth $1,125,000 after purchasing an additional 32,852 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.