Wells Fargo & Company MN Has $5.34 Million Position in BlackRock Energy and Resources Trust (NYSE:BGR)

Wells Fargo & Company MN lowered its stake in shares of BlackRock Energy and Resources Trust (NYSE:BGR) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 423,780 shares of the company’s stock after selling 12,357 shares during the quarter. Wells Fargo & Company MN’s holdings in BlackRock Energy and Resources Trust were worth $5,344,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Millstone Evans Group LLC bought a new stake in shares of BlackRock Energy and Resources Trust in the fourth quarter valued at $54,000. one8zero8 LLC purchased a new position in shares of BlackRock Energy and Resources Trust in the fourth quarter valued at about $131,000. Mezzasalma Advisors LLC purchased a new position in shares of BlackRock Energy and Resources Trust during the fourth quarter valued at approximately $138,000. Concurrent Investment Advisors LLC purchased a new position in shares of BlackRock Energy and Resources Trust during the fourth quarter valued at about $223,000. Finally, Private Advisor Group LLC boosted its position in shares of BlackRock Energy and Resources Trust by 25.5% during the fourth quarter. Private Advisor Group LLC now owns 18,525 shares of the company’s stock valued at $234,000 after purchasing an additional 3,763 shares in the last quarter.

BlackRock Energy and Resources Trust Stock Performance

Shares of BGR opened at $12.27 on Monday. BlackRock Energy and Resources Trust has a fifty-two week low of $11.08 and a fifty-two week high of $13.94. The firm’s 50-day simple moving average is $12.95 and its two-hundred day simple moving average is $13.11.

BlackRock Energy and Resources Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $0.0973 per share. This represents a $1.17 annualized dividend and a yield of 9.52%. The ex-dividend date is Tuesday, April 15th.

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.