Hennion & Walsh Asset Management Inc. Buys New Holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI)

Hennion & Walsh Asset Management Inc. bought a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) in the third quarter, Holdings Channel.com reports. The institutional investor bought 15,165 shares of the real estate investment trust’s stock, valued at approximately $377,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BUI. Larson Financial Group LLC lifted its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 718.6% in the second quarter. Larson Financial Group LLC now owns 1,367 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,200 shares in the last quarter. Register Financial Advisors LLC lifted its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 13.9% in the second quarter. Register Financial Advisors LLC now owns 4,100 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 500 shares in the last quarter. HBC Financial Services PLLC lifted its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 7.9% in the first quarter. HBC Financial Services PLLC now owns 6,800 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 500 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the third quarter valued at approximately $218,000. Finally, M3 Advisory Group LLC bought a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the second quarter valued at approximately $201,000.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Performance

BUI stock opened at $23.38 on Wednesday. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a twelve month low of $18.73 and a twelve month high of $24.94. The stock’s 50 day moving average is $23.64 and its 200-day moving average is $22.75.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a $0.121 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 6.21%.

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.