RWNFF - BUI: Quality Utility And Infrastructure Fund With 6.5% Income
2024-07-14 09:00:00 ET
Summary
- BlackRock Utilities, Infrastructure & Power Opportunities Trust is a Utility and Infrastructure sector-specific closed-end fund that invests globally in a fairly diversified portfolio of common stocks of utilities and infrastructure companies.
- The BUI CEF currently provides a reasonable yield of 6.50% without using any leverage; however, it offers almost no discount, which is currently at -1.15%.
- BUI has a decent long-term record of over 12 years for a utility-focused fund. However, it has performed poorly recently, which is in line with the performance of the utility sector. Going forward, there are certain tailwinds that should help utilities in general.
Introduction:
BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI) is a closed-end fund that was incepted over 12 years ago in Nov. 2011. The fund seeks to invest in Utilities and Infrastructure companies that are engaged in power generation or distribution....
BUI: Quality Utility And Infrastructure Fund With 6.5% Income