Concurrent Investment Advisors LLC Acquires New Holdings in BlackRock Energy and Resources Trust (NYSE:BGR)

Concurrent Investment Advisors LLC bought a new position in BlackRock Energy and Resources Trust (NYSE:BGR) in the fourth quarter, HoldingsChannel.com reports. The fund bought 17,645 shares of the company’s stock, valued at approximately $223,000.

Other hedge funds have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new stake in shares of BlackRock Energy and Resources Trust in the third quarter worth $56,000. Moors & Cabot Inc. purchased a new position in BlackRock Energy and Resources Trust in the third quarter worth about $137,000. Mezzasalma Advisors LLC bought a new stake in shares of BlackRock Energy and Resources Trust during the 4th quarter valued at about $138,000. Raymond James Trust N.A. purchased a new stake in shares of BlackRock Energy and Resources Trust during the 3rd quarter valued at about $159,000. Finally, Private Advisor Group LLC lifted its stake in shares of BlackRock Energy and Resources Trust by 25.5% in the 4th quarter. Private Advisor Group LLC now owns 18,525 shares of the company’s stock worth $234,000 after purchasing an additional 3,763 shares during the period.

BlackRock Energy and Resources Trust Price Performance

BGR opened at $13.28 on Wednesday. BlackRock Energy and Resources Trust has a 12-month low of $12.10 and a 12-month high of $13.94. The company’s 50 day moving average is $13.20 and its 200 day moving average is $13.15.

BlackRock Energy and Resources Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.0973 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.17 annualized dividend and a dividend yield of 8.79%.

BlackRock Energy and Resources Trust Profile

BlackRock Energy and Resources Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe, with an emphasis on the United States. The fund seeks to invest in stocks of companies operating in the energy and natural resources sectors.