BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.76 and traded as low as $26.93. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $26.9950, with a volume of 75,903 shares.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Down 1.3%

The company has a 50 day moving average of $27.99 and a 200-day moving average of $27.76.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.154 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 6.8%.

Institutional Trading of BlackRock Utilities, Infrastructure & Power Opportunities Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. boosted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 3.7% in the third quarter. Ameriprise Financial Inc. now owns 512,375 shares of the real estate investment trust’s stock valued at $13,409,000 after acquiring an additional 18,512 shares in the last quarter. Bank of America Corp DE raised its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 5.0% in the 3rd quarter. Bank of America Corp DE now owns 466,273 shares of the real estate investment trust’s stock worth $12,202,000 after purchasing an additional 22,248 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.3% in the 3rd quarter. Raymond James Financial Inc. now owns 335,365 shares of the real estate investment trust’s stock worth $8,777,000 after purchasing an additional 4,268 shares during the period. Invesco Ltd. lifted its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.0% in the 2nd quarter. Invesco Ltd. now owns 224,021 shares of the real estate investment trust’s stock worth $5,769,000 after purchasing an additional 2,292 shares during the period. Finally, LPL Financial LLC lifted its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 24.5% in the 4th quarter. LPL Financial LLC now owns 168,406 shares of the real estate investment trust’s stock worth $4,326,000 after purchasing an additional 33,130 shares during the period.

About BlackRock Utilities, Infrastructure & Power Opportunities Trust

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI) is a closed-end management investment company that seeks to provide investors with a diversified portfolio of global utilities, infrastructure and power-related securities. Managed by BlackRock Advisors, the trust taps into BlackRock’s expansive research platform to identify companies involved in the generation, transmission and distribution of essential services such as electricity, water, transportation and renewable energy.

The trust’s primary objective is total return, emphasizing both current income and capital appreciation.