BGR: A Possible Near-Term Catalyst For Crude Oil, Play With This Fund
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The BlackRock Energy and Resources Trust (BGR) offers a high yield of 8.76%, making it appealing for income-focused investors. Despite underperforming the S&P 500, it has outperformed the global energy index recently, with a total return of 8.31% including distributions. BGR invests in global energy stocks and uses covered call options to enhance returns through dividends and capital gains.
December 13, 2024 | 12:00 pm
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The BlackRock Energy and Resources Trust (BGR) offers a high yield of 8.76%, making it attractive for income-seeking investors. It has outperformed the global energy index recently, with a total return of 8.31% including distributions. BGR's strategy involves investing in global energy stocks and writing covered call options to enhance returns through dividends and capital gains.
BGR's high yield and recent outperformance of the global energy index make it an attractive option for investors seeking income. The fund's strategy of investing in global energy stocks and using covered call options suggests potential for continued strong returns, which could positively impact its stock price in the short term.
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