Apollon Wealth Management LLC Decreases Holdings in BlackRock Energy and Resources Trust $BGR

Apollon Wealth Management LLC cut its holdings in shares of BlackRock Energy and Resources Trust (NYSE:BGR) by 8.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,735 shares of the company’s stock after selling 6,167 shares during the quarter. Apollon Wealth Management LLC’s holdings in BlackRock Energy and Resources Trust were worth $845,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in BGR. Garde Capital Inc. purchased a new position in shares of BlackRock Energy and Resources Trust during the first quarter worth approximately $30,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of BlackRock Energy and Resources Trust in the first quarter worth approximately $246,000. Golden State Wealth Management LLC grew its holdings in shares of BlackRock Energy and Resources Trust by 66.4% in the first quarter. Golden State Wealth Management LLC now owns 2,766 shares of the company’s stock worth $38,000 after purchasing an additional 1,104 shares during the last quarter. Joel Isaacson & Co. LLC bought a new position in shares of BlackRock Energy and Resources Trust in the first quarter worth approximately $196,000. Finally, Private Advisor Group LLC grew its holdings in shares of BlackRock Energy and Resources Trust by 45.9% in the first quarter. Private Advisor Group LLC now owns 27,019 shares of the company’s stock worth $367,000 after purchasing an additional 8,494 shares during the last quarter.

BlackRock Energy and Resources Trust Stock Performance

Shares of BlackRock Energy and Resources Trust stock opened at $13.16 on Thursday. BlackRock Energy and Resources Trust has a 52-week low of $11.08 and a 52-week high of $13.94. The company’s 50 day moving average price is $13.43 and its 200-day moving average price is $13.01.

BlackRock Energy and Resources Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be issued a $0.0973 dividend. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 8.9%.

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.