Raymond James & Associates decreased its stake in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX – Free Report) by 48.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 455,935 shares of the investment management company’s stock after selling 427,599 shares during the quarter. Raymond James & Associates’ holdings in Blackrock Resources & Commodities Strategy Trust were worth $4,049,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Trust N.A. bought a new position in shares of Blackrock Resources & Commodities Strategy Trust during the 4th quarter valued at $94,000. Leibman Financial Services Inc. bought a new position in shares of Blackrock Resources & Commodities Strategy Trust during the 4th quarter valued at $186,000. Comerica Bank bought a new position in shares of Blackrock Resources & Commodities Strategy Trust during the 3rd quarter valued at $136,000. Creative Planning bought a new position in shares of Blackrock Resources & Commodities Strategy Trust during the 3rd quarter valued at $117,000. Finally, Penserra Capital Management LLC bought a new position in shares of Blackrock Resources & Commodities Strategy Trust during the 3rd quarter valued at $7,428,000.
Blackrock Resources & Commodities Strategy Trust Stock Performance
Blackrock Resources & Commodities Strategy Trust stock opened at $9.18 on Friday. The firm’s fifty day simple moving average is $8.76 and its 200-day simple moving average is $8.79. Blackrock Resources & Commodities Strategy Trust has a 1-year low of $8.25 and a 1-year high of $9.90.
Blackrock Resources & Commodities Strategy Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a $0.052 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.62 dividend on an annualized basis and a yield of 6.80%.
About Blackrock Resources & Commodities Strategy Trust
Blackrock Resources & Commodities Strategy Trust is a closed-ended equity mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the commodities or natural resources sectors.
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