Stephen Thomas Minar Purchases 4,320 Shares of BlackRock Energy and Resources Trust (NYSE:BGR) Stock

BlackRock Energy and Resources Trust (NYSE:BGR) VP Stephen Thomas Minar purchased 4,320 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were purchased at an average cost of $14.91 per share, for a total transaction of $64,411.20. Following the purchase, the vice president directly owned 4,320 shares in the company, valued at approximately $64,411.20. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

BlackRock Energy and Resources Trust Stock Up 0.1%

NYSE BGR opened at $14.95 on Friday. The business has a 50 day moving average price of $14.21 and a 200 day moving average price of $13.71. BlackRock Energy and Resources Trust has a 1-year low of $11.08 and a 1-year high of $15.66.

BlackRock Energy and Resources Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.0973 per share. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Friday, March 13th.

Hedge Funds Weigh In On BlackRock Energy and Resources Trust

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in shares of BlackRock Energy and Resources Trust by 2.0% in the first quarter. Royal Bank of Canada now owns 157,022 shares of the company’s stock valued at $2,132,000 after purchasing an additional 3,137 shares in the last quarter. Creekmur Asset Management LLC purchased a new stake in BlackRock Energy and Resources Trust in the 2nd quarter valued at approximately $42,000. Moors & Cabot Inc. grew its holdings in BlackRock Energy and Resources Trust by 527.7% during the 2nd quarter. Moors & Cabot Inc. now owns 65,183 shares of the company’s stock valued at $864,000 after buying an additional 54,798 shares during the last quarter. Cypress Capital Management LLC WY increased its position in BlackRock Energy and Resources Trust by 150.7% during the second quarter. Cypress Capital Management LLC WY now owns 304,783 shares of the company’s stock worth $4,041,000 after buying an additional 183,190 shares in the last quarter. Finally, Samalin Investment Counsel LLC raised its holdings in shares of BlackRock Energy and Resources Trust by 4.1% in the second quarter. Samalin Investment Counsel LLC now owns 73,583 shares of the company’s stock worth $976,000 after acquiring an additional 2,874 shares during the last quarter.

About BlackRock Energy and Resources Trust

BlackRock Energy and Resources Trust (NYSE: BGR) is a closed-end management investment company that seeks to provide a combination of current income and long-term capital appreciation. The trust focuses its investments primarily on equity and equity-related securities of companies engaged in the energy and natural resources sectors, including exploration, production, refining, distribution and related services.

The trust’s portfolio typically comprises common stocks, American Depositary Receipts (ADRs), master limited partnerships (MLPs) and other equity-linked instruments issued by firms operating in upstream and downstream energy markets, metals and mining, chemicals and related industries.