BlackRock Energy and Resources Trust (BGR)
BlackRock Energy and Resources Trust operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $17.06, down 1.04% on the session, giving a market capitalisation of $434.3M. On trailing twelve-month figures it carries a trailing P/E of 4.60, a net margin of 303.0%. Its beta of 0.38 implies it has historically moved less than the broad market.
The BlackRock Energy and Resources Trust is a closed-end equity mutual fund established by BlackRock, Inc. Its operations are jointly managed by BlackRock Advisors, LLC and BlackRock International Limited. This fund allocates capital to public equity markets worldwide, with a strong focus on opportunities within the United States. It specifically targets companies operating within the energy and natural resources sectors, investing in businesses regardless of their market capitalization. Additionally, the trust utilizes equity derivatives as part of its strategy, notably engaging in option writing. Originally named the BlackRock Global Energy and Resources Trust, this U.S.-domiciled fund commenced operations on December 23, 2004.
BlackRock Energy and Resources Trust is most often compared with the following Financial Services names: