First Trust Advisors LP Decreases Position in BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI)

First Trust Advisors LP trimmed its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) by 2.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 23,540 shares of the real estate investment trust’s stock after selling 559 shares during the quarter. First Trust Advisors LP’s holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust were worth $552,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BUI. Janney Montgomery Scott LLC increased its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 15.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 12,898 shares of the real estate investment trust’s stock valued at $302,000 after purchasing an additional 1,700 shares during the last quarter. Wells Fargo & Company MN raised its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 57.8% in the fourth quarter. Wells Fargo & Company MN now owns 76,415 shares of the real estate investment trust’s stock worth $1,790,000 after acquiring an additional 27,979 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 8.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,859 shares of the real estate investment trust’s stock worth $231,000 after acquiring an additional 761 shares during the last quarter. SeaCrest Wealth Management LLC grew its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 6.9% during the 4th quarter. SeaCrest Wealth Management LLC now owns 9,374 shares of the real estate investment trust’s stock valued at $220,000 after acquiring an additional 603 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 4th quarter worth $5,473,000.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Price Performance

NYSE:BUI opened at $23.65 on Friday. The stock has a 50-day simple moving average of $22.61 and a two-hundred day simple moving average of $23.03. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 52-week low of $20.27 and a 52-week high of $24.94.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a $0.136 dividend. This represents a $1.63 annualized dividend and a yield of 6.90%. The ex-dividend date is Thursday, May 15th.

BlackRock Utilities, Infrastructure & Power Opportunities Trust 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.