Home Commodities Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Position Trimmed by Pinnacle Wealth...

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Position Trimmed by Pinnacle Wealth Planning Services Inc.

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Pinnacle Wealth Planning Services Inc. trimmed its holdings in shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCXGet Rating) by 22.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 10,214 shares of the investment management company’s stock after selling 2,908 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Blackrock Resources & Commodities Strategy Trust were worth $113,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Invesco Ltd. boosted its holdings in Blackrock Resources & Commodities Strategy Trust by 9.5% during the fourth quarter. Invesco Ltd. now owns 1,375,706 shares of the investment management company’s stock worth $12,863,000 after buying an additional 119,497 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Blackrock Resources & Commodities Strategy Trust by 11.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 802,694 shares of the investment management company’s stock worth $7,505,000 after buying an additional 82,421 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Blackrock Resources & Commodities Strategy Trust by 8.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 636,835 shares of the investment management company’s stock worth $5,954,000 after buying an additional 50,854 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Blackrock Resources & Commodities Strategy Trust by 8.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 582,022 shares of the investment management company’s stock worth $5,442,000 after buying an additional 44,143 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Blackrock Resources & Commodities Strategy Trust by 5.2% during the fourth quarter. Bank of America Corp DE now owns 411,193 shares of the investment management company’s stock worth $3,844,000 after buying an additional 20,162 shares in the last quarter.

Shares of NYSE:BCX opened at $8.98 on Monday. Blackrock Resources & Commodities Strategy Trust has a 52 week low of $8.24 and a 52 week high of $11.62. The firm has a 50 day simple moving average of $10.34 and a 200 day simple moving average of $10.28.

The company also recently declared a monthly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were given a $0.045 dividend. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $0.54 annualized dividend and a dividend yield of 6.01%.

About Blackrock Resources & Commodities Strategy Trust (Get Rating)

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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Institutional Ownership by Quarter for Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)



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