Strategic Financial Group LLC Decreases Stake in BlackRock Global Energy & Resources Trus (NYSE:BGR)

Strategic Financial Group LLC lowered its position in BlackRock Global Energy & Resources Trus (NYSE:BGR) by 10.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 23,901 shares of the company’s stock after selling 2,768 shares during the period. Strategic Financial Group LLC’s holdings in BlackRock Global Energy & Resources Trus were worth $285,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BGR. Bank of America Corp DE increased its holdings in BlackRock Global Energy & Resources Trus by 184.1% in the 4th quarter. Bank of America Corp DE now owns 513,062 shares of the company’s stock worth $5,361,000 after acquiring an additional 332,498 shares during the last quarter. Ellis Investment Partners LLC purchased a new stake in BlackRock Global Energy & Resources Trus in the 1st quarter worth about $36,000. City of London Investment Management Co. Ltd. bought a new position in BlackRock Global Energy & Resources Trus in the 1st quarter worth about $205,000. Mid Atlantic Financial Management Inc. ADV bought a new position in BlackRock Global Energy & Resources Trus in the 1st quarter worth about $190,000. Finally, Winslow Evans & Crocker Inc. boosted its stake in BlackRock Global Energy & Resources Trus by 40.6% in the 1st quarter. Winslow Evans & Crocker Inc. now owns 25,096 shares of the company’s stock worth $304,000 after purchasing an additional 7,250 shares during the period.

NYSE BGR traded down $0.09 during trading hours on Friday, hitting $10.58. The company had a trading volume of 99,891 shares, compared to its average volume of 118,842. BlackRock Global Energy & Resources Trus has a 52 week low of $9.87 and a 52 week high of $14.94. The company’s 50 day moving average is $11.46.

The business also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be paid a $0.078 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.94 annualized dividend and a yield of 8.85%.

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.

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

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