BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Shares Cross Above 50 Day Moving Average – Time to Sell?

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $28.01 and traded as high as $28.60. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $28.3580, with a volume of 61,953 shares.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Price Performance

The business has a fifty day moving average of $28.01 and a 200 day moving average of $27.50.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.154 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.5%.

Hedge Funds Weigh In On BlackRock Utilities, Infrastructure & Power Opportunities Trust

Several large investors have recently modified their holdings of BUI. Sunbelt Securities Inc. purchased a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 1st quarter worth $53,000. Readystate Asset Management LP purchased a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 1st quarter valued at about $597,000. Wealthspire Retirement LLC lifted its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.9% in the first quarter. Wealthspire Retirement LLC now owns 124,426 shares of the real estate investment trust’s stock valued at $3,282,000 after buying an additional 2,275 shares during the last quarter. Fifth Third Bancorp acquired a new position in BlackRock Utilities, Infrastructure & Power Opportunities Trust in the first quarter valued at about $123,000. Finally, Janney Montgomery Scott LLC boosted its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 2.7% during the first quarter. Janney Montgomery Scott LLC now owns 18,178 shares of the real estate investment trust’s stock worth $480,000 after buying an additional 474 shares during the period.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Company Profile

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.