BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.21 and traded as low as $22.86. BlackRock Utilities, Infrastructure & Power Opportunities Trust shares last traded at $23.05, with a volume of 197,521 shares changing hands.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Performance

The stock has a 50-day simple moving average of $23.37 and a 200 day simple moving average of $23.22.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.136 per share. The ex-dividend date is Wednesday, January 15th.

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

Several large investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.4% in the second quarter. Commonwealth Equity Services LLC now owns 65,197 shares of the real estate investment trust’s stock worth $1,444,000 after acquiring an additional 923 shares during the period. Larson Financial Group LLC lifted its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 718.6% during the 2nd quarter. Larson Financial Group LLC now owns 1,367 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,200 shares in the last quarter. Cornerstone Advisors LLC grew its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 12.4% in the second quarter. Cornerstone Advisors LLC now owns 274,130 shares of the real estate investment trust’s stock valued at $6,072,000 after purchasing an additional 30,276 shares during the period. Prairie Wealth Advisors Inc. boosted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.9% in the 2nd quarter. Prairie Wealth Advisors Inc. now owns 52,343 shares of the real estate investment trust’s stock worth $1,159,000 after buying an additional 983 shares during the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the third quarter valued at approximately $218,000.

About BlackRock Utilities, Infrastructure & Power Opportunities Trust

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.