Wealth Enhancement Advisory Services LLC Sells 7,368 Shares of BlackRock Energy and Resources Trust (NYSE:BGR)

Wealth Enhancement Advisory Services LLC cut its holdings in shares of BlackRock Energy and Resources Trust (NYSE:BGR) by 8.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,817 shares of the company’s stock after selling 7,368 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in BlackRock Energy and Resources Trust were worth $1,057,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in BlackRock Energy and Resources Trust during the fourth quarter worth about $4,869,000. Advisors Asset Management Inc. increased its stake in shares of BlackRock Energy and Resources Trust by 16.5% during the 4th quarter. Advisors Asset Management Inc. now owns 258,499 shares of the company’s stock worth $3,260,000 after purchasing an additional 36,677 shares during the last quarter. LPL Financial LLC increased its stake in shares of BlackRock Energy and Resources Trust by 20.1% during the 4th quarter. LPL Financial LLC now owns 184,717 shares of the company’s stock worth $2,329,000 after purchasing an additional 30,961 shares during the last quarter. Truist Financial Corp raised its holdings in shares of BlackRock Energy and Resources Trust by 5.0% in the 4th quarter. Truist Financial Corp now owns 135,942 shares of the company’s stock worth $1,714,000 after purchasing an additional 6,506 shares during the period. Finally, Samalin Investment Counsel LLC lifted its stake in BlackRock Energy and Resources Trust by 6.9% in the fourth quarter. Samalin Investment Counsel LLC now owns 67,267 shares of the company’s stock valued at $848,000 after purchasing an additional 4,368 shares during the last quarter.

BlackRock Energy and Resources Trust Price Performance

Shares of NYSE BGR opened at $12.79 on Monday. The stock has a fifty day simple moving average of $12.32 and a two-hundred day simple moving average of $12.93. BlackRock Energy and Resources Trust has a 1-year low of $11.08 and a 1-year high of $13.94.

BlackRock Energy and Resources Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.0973 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 9.13%.

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.