Advisors Asset Management Inc. Reduces Holdings in BlackRock Energy and Resources Trust (NYSE:BGR)

Advisors Asset Management Inc. decreased its position in BlackRock Energy and Resources Trust (NYSE:BGR) by 16.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 376,970 shares of the company’s stock after selling 75,281 shares during the period. Advisors Asset Management Inc.’s holdings in BlackRock Energy and Resources Trust were worth $4,995,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. City of London Investment Management Co. Ltd. grew its stake in shares of BlackRock Energy and Resources Trust by 4.9% in the 1st quarter. City of London Investment Management Co. Ltd. now owns 1,319,146 shares of the company’s stock valued at $17,479,000 after buying an additional 61,795 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of BlackRock Energy and Resources Trust by 1.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 50,466 shares of the company’s stock worth $669,000 after purchasing an additional 861 shares during the period. Twin Focus Capital Partners LLC purchased a new position in shares of BlackRock Energy and Resources Trust during the 4th quarter worth approximately $1,855,000. D.A. Davidson & CO. boosted its position in shares of BlackRock Energy and Resources Trust by 13.5% during the 4th quarter. D.A. Davidson & CO. now owns 103,080 shares of the company’s stock worth $1,283,000 after purchasing an additional 12,287 shares during the period. Finally, Choreo LLC purchased a new position in shares of BlackRock Energy and Resources Trust during the 4th quarter worth approximately $128,000.

BlackRock Energy and Resources Trust Stock Performance

Shares of NYSE:BGR traded down $0.04 during mid-day trading on Friday, reaching $13.09. 67,614 shares of the company were exchanged, compared to its average volume of 74,918. The firm’s 50-day simple moving average is $13.07 and its 200 day simple moving average is $12.87. BlackRock Energy and Resources Trust has a 1 year low of $11.86 and a 1 year high of $13.68.

BlackRock Energy and Resources Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be given a dividend of $0.0657 per share. The ex-dividend date is Monday, July 15th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 6.02%.

About BlackRock Energy and Resources Trust

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.