Mid Atlantic Financial Management Inc. ADV Purchases Shares of 15,700 BlackRock Global Energy & Resources Trus (BGR)

Mid Atlantic Financial Management Inc. ADV purchased a new stake in BlackRock Global Energy & Resources Trus (NYSE:BGR) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 15,700 shares of the company’s stock, valued at approximately $190,000.

Several other institutional investors have also made changes to their positions in the company. 1832 Asset Management L.P. lifted its stake in shares of BlackRock Global Energy & Resources Trus by 0.6% in the 4th quarter. 1832 Asset Management L.P. now owns 277,171 shares of the company’s stock valued at $2,896,000 after purchasing an additional 1,626 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of BlackRock Global Energy & Resources Trus by 12.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 16,670 shares of the company’s stock valued at $174,000 after purchasing an additional 1,798 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of BlackRock Global Energy & Resources Trus by 37.0% in the 4th quarter. Advisor Group Inc. now owns 7,594 shares of the company’s stock valued at $79,000 after purchasing an additional 2,049 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of BlackRock Global Energy & Resources Trus by 2.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 92,433 shares of the company’s stock valued at $1,119,000 after purchasing an additional 2,124 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in shares of BlackRock Global Energy & Resources Trus by 1.1% in the 1st quarter. Raymond James & Associates now owns 238,717 shares of the company’s stock valued at $2,891,000 after purchasing an additional 2,504 shares during the last quarter.

BGR stock opened at $11.44 on Friday. BlackRock Global Energy & Resources Trus has a 12-month low of $9.87 and a 12-month high of $15.77.

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a $0.0776 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.93 annualized dividend and a dividend yield of 8.14%.

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BlackRock Global Energy & Resources Trus 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.

Further Reading: Correction

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Institutional Ownership by Quarter for BlackRock Global Energy & Resources Trus (NYSE:BGR)

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