BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.38 and traded as low as $23.12. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $23.37, with a volume of 34,116 shares changing hands.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Price Performance

The firm’s fifty day simple moving average is $23.18 and its 200-day simple moving average is $23.38.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.136 per share. This represents a $1.63 annualized dividend and a dividend yield of 6.98%. The ex-dividend date of this dividend is Friday, February 14th.

Hedge Funds Weigh In On BlackRock Utilities, Infrastructure & Power Opportunities Trust

Several institutional investors and hedge funds have recently modified their holdings of BUI. Hennion & Walsh Asset Management Inc. purchased a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the third quarter valued at approximately $377,000. Consolidated Portfolio Review Corp lifted its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.0% during the third quarter. Consolidated Portfolio Review Corp now owns 43,279 shares of the real estate investment trust’s stock valued at $1,075,000 after buying an additional 433 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 65.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 44,410 shares of the real estate investment trust’s stock valued at $1,103,000 after buying an additional 17,510 shares during the period. Larson Financial Group LLC lifted its stake 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 valued at $103,000 after buying an additional 2,800 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 36.6% during the third quarter. Stifel Financial Corp now owns 46,952 shares of the real estate investment trust’s stock valued at $1,166,000 after buying an additional 12,571 shares during the period.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Company 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.