BlackRock Global Energy & Resources Trus (NYSE:BGR) Stock Price Up 0.6% Following Dividend Announcement

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Shares of BlackRock Global Energy & Resources Trus (NYSE:BGR) rose 0.6% on Tuesday after the company announced a dividend. The stock traded as high as $11.08 and last traded at $11.06, approximately 195,631 shares changed hands during trading. An increase of 60% from the average daily volume of 121,976 shares. The stock had previously closed at $10.99.

The newly announced dividend which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.0776 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.93 dividend on an annualized basis and a yield of 8.42%.

The stock has a 50-day simple moving average of $11.19 and a 200 day simple moving average of $11.15.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BerganKDV Wealth Management LLC bought a new position in shares of BlackRock Global Energy & Resources Trus in the 2nd quarter worth $213,000. CWM LLC bought a new position in shares of BlackRock Global Energy & Resources Trus in the 3rd quarter worth $121,000. Walleye Trading LLC boosted its position in shares of BlackRock Global Energy & Resources Trus by 33.5% in the 2nd quarter. Walleye Trading LLC now owns 22,300 shares of the company’s stock worth $266,000 after purchasing an additional 5,600 shares during the last quarter. Bogart Wealth LLC bought a new position in shares of BlackRock Global Energy & Resources Trus in the 3rd quarter worth $78,000. Finally, Invesco Ltd. boosted its position in shares of BlackRock Global Energy & Resources Trus by 2.7% in the 2nd quarter. Invesco Ltd. now owns 424,242 shares of the company’s stock worth $5,061,000 after purchasing an additional 10,962 shares during the last quarter.

BlackRock Global Energy & Resources Trus Company Profile (NYSE:BGR)

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.

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