Janney Montgomery Scott LLC Sells 3,542 Shares of BlackRock Energy and Resources Trust (NYSE:BGR)

Janney Montgomery Scott LLC decreased its position in BlackRock Energy and Resources Trust (NYSE:BGRGet Rating) by 9.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,371 shares of the company’s stock after selling 3,542 shares during the quarter. Janney Montgomery Scott LLC’s holdings in BlackRock Energy and Resources Trust were worth $371,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BGR. Raymond James & Associates increased its position in BlackRock Energy and Resources Trust by 3.2% in the third quarter. Raymond James & Associates now owns 85,378 shares of the company’s stock worth $920,000 after buying an additional 2,630 shares in the last quarter. Karpus Management Inc. increased its position in BlackRock Energy and Resources Trust by 130.3% in the second quarter. Karpus Management Inc. now owns 334,577 shares of the company’s stock worth $3,670,000 after buying an additional 189,272 shares in the last quarter. Wells Fargo & Company MN increased its position in BlackRock Energy and Resources Trust by 5.3% in the second quarter. Wells Fargo & Company MN now owns 310,629 shares of the company’s stock worth $3,408,000 after buying an additional 15,736 shares in the last quarter. Apollon Wealth Management LLC increased its position in BlackRock Energy and Resources Trust by 29.9% in the second quarter. Apollon Wealth Management LLC now owns 33,677 shares of the company’s stock worth $369,000 after buying an additional 7,745 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in BlackRock Energy and Resources Trust by 61.3% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 78,964 shares of the company’s stock worth $922,000 after buying an additional 30,000 shares in the last quarter.

BlackRock Energy and Resources Trust Stock Performance

Shares of BGR opened at $13.03 on Wednesday. The business has a 50-day simple moving average of $12.52 and a two-hundred day simple moving average of $11.97. BlackRock Energy and Resources Trust has a 52 week low of $9.93 and a 52 week high of $13.72.

BlackRock Energy and Resources Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 13th will be given a dividend of $0.0585 per share. This represents a $0.70 annualized dividend and a dividend yield of 5.39%. The ex-dividend date of this dividend is Thursday, January 12th.

About BlackRock Energy and Resources Trust

(Get Rating)

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.

Read More

Want to see what other hedge funds are holding BGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Energy and Resources Trust (NYSE:BGRGet Rating).

Institutional Ownership by Quarter for BlackRock Energy and Resources Trust (NYSE:BGR)

Receive News & Ratings for BlackRock Energy and Resources Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Energy and Resources Trust and related companies with MarketBeat.com's FREE daily email newsletter.