Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.82 and traded as high as $12.89. Blackrock Resources & Commodities Strategy Trust shares last traded at $12.78, with a volume of 273,382 shares trading hands.

Blackrock Resources & Commodities Strategy Trust Trading Down 0.2%

The company’s fifty day simple moving average is $11.82 and its 200-day simple moving average is $10.64.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.0697 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

A number of large investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 42.5% in the 3rd quarter. Lazard Asset Management LLC now owns 2,480,945 shares of the investment management company’s stock valued at $25,231,000 after buying an additional 740,443 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Blackrock Resources & Commodities Strategy Trust by 15,635.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 236,038 shares of the investment management company’s stock valued at $2,592,000 after acquiring an additional 234,538 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Blackrock Resources & Commodities Strategy Trust by 49.7% during the second quarter. Ameriprise Financial Inc. now owns 597,695 shares of the investment management company’s stock valued at $5,648,000 after acquiring an additional 198,458 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Blackrock Resources & Commodities Strategy Trust by 25.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 954,111 shares of the investment management company’s stock valued at $10,476,000 after acquiring an additional 193,587 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. grew its holdings in Blackrock Resources & Commodities Strategy Trust by 59.8% in the third quarter. City of London Investment Management Co. Ltd. now owns 371,895 shares of the investment management company’s stock worth $3,782,000 after purchasing an additional 139,234 shares during the last quarter.

Blackrock Resources & Commodities Strategy Trust Company Profile

BlackRock Resources & Commodities Strategy Trust (NYSE: BCX) is a closed-end management investment company focused on achieving total return through exposure to global commodities and natural resource sectors. Listed on the New York Stock Exchange, the trust offers investors a vehicle for diversified access to commodity markets, including energy, agriculture, metals and minerals, as well as related equities. By packaging multiple exposure strategies within a single portfolio, BCX seeks to deliver returns that are uncorrelated with traditional equity and fixed-income benchmarks.

The trust pursues its objectives through a combination of direct and indirect instruments.