BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Stock Position Cut by Cornerstone Advisors LLC

Cornerstone Advisors LLC cut its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) by 13.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 150,875 shares of the real estate investment trust’s stock after selling 22,877 shares during the period. Cornerstone Advisors LLC’s holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust were worth $3,535,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC boosted its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 204.8% during the third quarter. Larson Financial Group LLC now owns 4,167 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 2,800 shares during the period. SeaCrest Wealth Management LLC raised its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 6.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 9,374 shares of the real estate investment trust’s stock valued at $220,000 after acquiring an additional 603 shares in the last quarter. Sage Investment Counsel LLC bought a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the fourth quarter valued at approximately $227,000. PNC Financial Services Group Inc. raised its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 8.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,859 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 761 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 15.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,898 shares of the real estate investment trust’s stock worth $302,000 after acquiring an additional 1,700 shares during the period.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Performance

Shares of NYSE:BUI opened at $22.69 on Tuesday. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 52 week low of $20.11 and a 52 week high of $24.94. The company’s fifty day moving average is $23.07 and its 200-day moving average is $23.37.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.136 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.63 annualized dividend and a yield of 7.19%.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Profile

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.