Allspring Global Investments Holdings LLC Increases Stake in BlackRock Energy and Resources Trust (NYSE:BGR)

Allspring Global Investments Holdings LLC raised its position in BlackRock Energy and Resources Trust (NYSE:BGR) by 15.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,842,055 shares of the company’s stock after purchasing an additional 242,603 shares during the period. Allspring Global Investments Holdings LLC’s holdings in BlackRock Energy and Resources Trust were worth $24,352,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Twin Focus Capital Partners LLC acquired a new stake in shares of BlackRock Energy and Resources Trust in the 4th quarter worth $1,855,000. Choreo LLC acquired a new stake in shares of BlackRock Energy and Resources Trust in the 4th quarter worth $128,000. International Assets Investment Management LLC acquired a new stake in shares of BlackRock Energy and Resources Trust in the 4th quarter worth $388,000. D.A. Davidson & CO. increased its stake in shares of BlackRock Energy and Resources Trust by 13.5% in the 4th quarter. D.A. Davidson & CO. now owns 103,080 shares of the company’s stock worth $1,283,000 after acquiring an additional 12,287 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of BlackRock Energy and Resources Trust by 4.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 49,605 shares of the company’s stock worth $618,000 after acquiring an additional 1,904 shares during the last quarter.

BlackRock Energy and Resources Trust Stock Down 1.0 %

Shares of BGR opened at $13.17 on Wednesday. BlackRock Energy and Resources Trust has a 52-week low of $11.86 and a 52-week high of $13.68. The stock has a fifty day simple moving average of $13.06 and a two-hundred day simple moving average of $13.00.

BlackRock Energy and Resources Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be paid a $0.066 dividend. The ex-dividend date is Thursday, August 15th. This is an increase from BlackRock Energy and Resources Trust’s previous monthly dividend of $0.07. This represents a $0.79 dividend on an annualized basis and a dividend yield of 6.01%.

BlackRock Energy and Resources Trust Profile

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.