Cypress Capital Management LLC WY Makes New $1.46 Million Investment in BlackRock Utilities, Infrastructure & Power Opportunities Trust $BUI

Cypress Capital Management LLC WY purchased a new position in BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 56,525 shares of the real estate investment trust’s stock, valued at approximately $1,456,000. BlackRock Utilities, Infrastructure & Power Opportunities Trust makes up approximately 1.6% of Cypress Capital Management LLC WY’s portfolio, making the stock its 19th biggest holding.

Several other institutional investors have also modified their holdings of BUI. Prairie Wealth Advisors Inc. grew its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 7.9% in the 2nd quarter. Prairie Wealth Advisors Inc. now owns 70,801 shares of the real estate investment trust’s stock valued at $1,823,000 after purchasing an additional 5,185 shares during the period. Janney Montgomery Scott LLC raised its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 39.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 16,388 shares of the real estate investment trust’s stock worth $422,000 after buying an additional 4,600 shares during the period. Farther Finance Advisors LLC lifted its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 4,742.8% in the second quarter. Farther Finance Advisors LLC now owns 23,536 shares of the real estate investment trust’s stock valued at $606,000 after buying an additional 23,050 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 8.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 50,157 shares of the real estate investment trust’s stock valued at $1,299,000 after buying an additional 3,947 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 3.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 14,519 shares of the real estate investment trust’s stock worth $374,000 after acquiring an additional 504 shares in the last quarter.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Down 0.2%

BUI opened at $25.87 on Friday. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 12 month low of $20.27 and a 12 month high of $27.59. The firm’s fifty day simple moving average is $26.50 and its 200 day simple moving average is $25.68.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a dividend of $0.136 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, November 14th.

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.