BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $23.21 and traded as low as $22.86. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $23.05, with a volume of 197,521 shares changing hands.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Down 1.6 %

The stock’s 50 day simple moving average is $23.37 and its two-hundred day simple moving average is $23.21.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 16th were paid a $0.136 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date was Monday, December 16th.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC grew its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 718.6% in the second quarter. Larson Financial Group LLC now owns 1,367 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,200 shares during the period. SeaCrest Wealth Management LLC purchased a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 3rd quarter worth $218,000. B. Riley Wealth Advisors Inc. increased its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 4.4% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 15,241 shares of the real estate investment trust’s stock worth $369,000 after purchasing an additional 639 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 3rd quarter valued at about $377,000. Finally, Consolidated Portfolio Review Corp lifted its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.0% in the third quarter. Consolidated Portfolio Review Corp now owns 43,279 shares of the real estate investment trust’s stock valued at $1,075,000 after buying an additional 433 shares during the last quarter.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Company Profile

BlackRock Utility, Infrastructure & Power Opportunities Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the utilities and infrastructure sectors.