Truist Financial Corp Acquires 4,309 Shares of BlackRock Energy and Resources Trust (NYSE:BGR)

Truist Financial Corp boosted its holdings in shares of BlackRock Energy and Resources Trust (NYSE:BGR – Get Rating) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 128,531 shares of the company’s stock after purchasing an additional 4,309 shares during the quarter. Truist Financial Corp’s holdings in BlackRock Energy and Resources Trust were worth $1,386,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BGR. Allspring Global Investments Holdings LLC grew its holdings in BlackRock Energy and Resources Trust by 192.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,309,753 shares of the company’s stock valued at $14,367,000 after buying an additional 861,511 shares in the last quarter. Karpus Management Inc. grew its holdings in BlackRock Energy and Resources Trust by 130.3% during the 2nd quarter. Karpus Management Inc. now owns 334,577 shares of the company’s stock valued at $3,670,000 after buying an additional 189,272 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in BlackRock Energy and Resources Trust by 16.5% during the 1st quarter. Advisors Asset Management Inc. now owns 535,868 shares of the company’s stock valued at $6,216,000 after buying an additional 75,900 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in BlackRock Energy and Resources Trust during the 1st quarter valued at approximately $768,000. Finally, D.A. Davidson & CO. purchased a new position in BlackRock Energy and Resources Trust during the 2nd quarter valued at approximately $512,000.

BlackRock Energy and Resources Trust Stock Performance

NYSE BGR opened at $12.72 on Thursday. The business has a 50 day simple moving average of $12.52 and a two-hundred day simple moving average of $11.89. BlackRock Energy and Resources Trust has a 1-year low of $9.83 and a 1-year high of $13.72.

BlackRock Energy and Resources Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 13th will be issued a dividend of $0.0585 per share. This represents a $0.70 annualized dividend and a yield of 5.52%. The ex-dividend date of this dividend is Thursday, January 12th.

About BlackRock Energy and Resources Trust

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BlackRock Energy & Resources Trust operates as a closed-end management investment trust. The firm’s investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. It seeks to achieve its investment objective by investing its assets in equity securities of energy and natural resources companies and equity derivatives with exposure to the energy and natural resources industry.