B. Riley Wealth Advisors Inc. Makes New Investment in BlackRock Utilities, Infrastructure & Power Opportunities Trust $BUI

B. Riley Wealth Advisors Inc. bought a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 21,242 shares of the real estate investment trust’s stock, valued at approximately $547,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. LPL Financial LLC grew its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 29.3% in the 1st quarter. LPL Financial LLC now owns 58,850 shares of the real estate investment trust’s stock valued at $1,332,000 after purchasing an additional 13,352 shares during the period. Raymond James Financial Inc. lifted its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 35.4% during the 1st quarter. Raymond James Financial Inc. now owns 316,269 shares of the real estate investment trust’s stock valued at $7,157,000 after purchasing an additional 82,672 shares during the period. Baird Financial Group Inc. boosted its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 36.1% in the first quarter. Baird Financial Group Inc. now owns 26,348 shares of the real estate investment trust’s stock valued at $596,000 after acquiring an additional 6,987 shares during the last quarter. Royal Bank of Canada grew its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 5.6% during the first quarter. Royal Bank of Canada now owns 75,422 shares of the real estate investment trust’s stock worth $1,706,000 after purchasing an additional 3,980 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 6.4% during the 1st quarter. NewEdge Advisors LLC now owns 13,953 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 844 shares during the period.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Trading Up 2.0%

Shares of BUI opened at $26.93 on Wednesday. The stock has a 50 day simple moving average of $26.30 and a 200 day simple moving average of $26.17. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 52-week low of $20.27 and a 52-week high of $27.59.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a dividend of $0.136 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) annualized dividend and a dividend yield of 6.1%.

About BlackRock Utilities, Infrastructure & Power Opportunities Trust

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.