Coastal Investment Advisors Inc. acquired a new position in shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX – Get Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,868 shares of the investment management company’s stock, valued at approximately $120,000.
Several other hedge funds also recently modified their holdings of BCX. Invesco Ltd. increased its position in shares of Blackrock Resources & Commodities Strategy Trust by 8.7% during the third quarter. Invesco Ltd. now owns 1,256,209 shares of the investment management company’s stock worth $11,218,000 after acquiring an additional 100,971 shares in the last quarter. Royal Bank of Canada boosted its holdings in Blackrock Resources & Commodities Strategy Trust by 1.9% during the third quarter. Royal Bank of Canada now owns 944,644 shares of the investment management company’s stock worth $8,436,000 after purchasing an additional 17,985 shares during the last quarter. LPL Financial LLC boosted its holdings in Blackrock Resources & Commodities Strategy Trust by 9.1% during the third quarter. LPL Financial LLC now owns 370,047 shares of the investment management company’s stock worth $3,305,000 after purchasing an additional 30,798 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Blackrock Resources & Commodities Strategy Trust by 33.6% during the third quarter. Cetera Investment Advisers now owns 17,692 shares of the investment management company’s stock worth $158,000 after purchasing an additional 4,445 shares during the last quarter. Finally, 44 Wealth Management LLC boosted its holdings in Blackrock Resources & Commodities Strategy Trust by 0.9% during the fourth quarter. 44 Wealth Management LLC now owns 308,707 shares of the investment management company’s stock worth $2,886,000 after purchasing an additional 2,632 shares during the last quarter.
Shares of BCX opened at $8.98 on Monday. Blackrock Resources & Commodities Strategy Trust has a 12 month low of $8.24 and a 12 month high of $11.62. The firm has a fifty day simple moving average of $10.55 and a 200 day simple moving average of $10.28.
The firm also recently announced a monthly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be issued a dividend of $0.045 per share. This represents a $0.54 annualized dividend and a yield of 6.01%. The ex-dividend date of this dividend is Tuesday, June 14th.
Blackrock Resources & Commodities Strategy Trust Profile (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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