Allspring Global Investments Holdings LLC Sells 267,043 Shares of BlackRock Energy and Resources Trust $BGR

Allspring Global Investments Holdings LLC lowered its holdings in BlackRock Energy and Resources Trust (NYSE:BGR) by 94.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,955 shares of the company’s stock after selling 267,043 shares during the period. Allspring Global Investments Holdings LLC’s holdings in BlackRock Energy and Resources Trust were worth $230,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new stake in BlackRock Energy and Resources Trust in the third quarter valued at $27,000. Triumph Capital Management acquired a new stake in BlackRock Energy and Resources Trust in the third quarter valued at $33,000. EverSource Wealth Advisors LLC lifted its stake in BlackRock Energy and Resources Trust by 392.2% in the third quarter. EverSource Wealth Advisors LLC now owns 5,020 shares of the company’s stock valued at $68,000 after acquiring an additional 4,000 shares during the last quarter. Spirepoint Private Client LLC acquired a new stake in BlackRock Energy and Resources Trust in the third quarter valued at $136,000. Finally, NWF Advisory Services Inc. acquired a new stake in BlackRock Energy and Resources Trust in the third quarter valued at $149,000.

BlackRock Energy and Resources Trust Trading Up 1.1%

Shares of BGR stock opened at $16.19 on Tuesday. The company has a fifty day moving average price of $15.91 and a two-hundred day moving average price of $14.50. BlackRock Energy and Resources Trust has a one year low of $11.63 and a one year high of $17.70.

BlackRock Energy and Resources Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.0973 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 7.2%.

Insider Buying and Selling

In related news, VP Stephen Thomas Minar bought 4,320 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was bought at an average price of $14.91 per share, for a total transaction of $64,411.20. Following the purchase, the vice president owned 4,320 shares in the company, valued at $64,411.20. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BlackRock Energy and Resources Trust Company Profile

BlackRock Energy and Resources Trust (NYSE: BGR) is a closed-end management investment company that seeks to provide a combination of current income and long-term capital appreciation. The trust focuses its investments primarily on equity and equity-related securities of companies engaged in the energy and natural resources sectors, including exploration, production, refining, distribution and related services.

The trust’s portfolio typically comprises common stocks, American Depositary Receipts (ADRs), master limited partnerships (MLPs) and other equity-linked instruments issued by firms operating in upstream and downstream energy markets, metals and mining, chemicals and related industries.