Blackrock Resources & Commodities Strategy Trust (NYSE:BCX – Get Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.57 and traded as high as $9.05. Blackrock Resources & Commodities Strategy Trust shares last traded at $9.04, with a volume of 250,617 shares.
Blackrock Resources & Commodities Strategy Trust Stock Performance
The business has a fifty day simple moving average of $8.57 and a 200 day simple moving average of $8.82.
Blackrock Resources & Commodities Strategy Trust Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be issued a dividend of $0.052 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.62 annualized dividend and a yield of 6.90%.
Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust
Several large investors have recently bought and sold shares of BCX. Penserra Capital Management LLC bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the 3rd quarter worth $7,428,000. Allspring Global Investments Holdings LLC boosted its holdings in Blackrock Resources & Commodities Strategy Trust by 41.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,883,061 shares of the investment management company’s stock worth $16,722,000 after purchasing an additional 550,047 shares during the last quarter. International Assets Investment Management LLC grew its position in Blackrock Resources & Commodities Strategy Trust by 788.4% in the 4th quarter. International Assets Investment Management LLC now owns 456,329 shares of the investment management company’s stock worth $40,520,000 after purchasing an additional 404,962 shares in the last quarter. Saba Capital Management L.P. grew its position in Blackrock Resources & Commodities Strategy Trust by 23.0% in the 3rd quarter. Saba Capital Management L.P. now owns 1,600,113 shares of the investment management company’s stock worth $14,737,000 after purchasing an additional 299,531 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in Blackrock Resources & Commodities Strategy Trust by 11.3% in the 1st quarter. Lazard Asset Management LLC now owns 2,528,844 shares of the investment management company’s stock valued at $27,918,000 after buying an additional 256,075 shares during the last quarter.
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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