Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Stock Passes Below Fifty Day Moving Average – Here’s Why

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.79 and traded as low as $11.30. Blackrock Resources & Commodities Strategy Trust shares last traded at $11.3870, with a volume of 107,090 shares changing hands.

Blackrock Resources & Commodities Strategy Trust Price Performance

The firm’s fifty day simple moving average is $11.79 and its 200 day simple moving average is $12.04.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.0697 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.

Institutional Trading of Blackrock Resources & Commodities Strategy Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Moors & Cabot Inc. lifted its holdings in Blackrock Resources & Commodities Strategy Trust by 9.7% in the third quarter. Moors & Cabot Inc. now owns 11,400 shares of the investment management company’s stock valued at $116,000 after acquiring an additional 1,005 shares during the period. Nations Financial Group Inc. IA ADV boosted its position in Blackrock Resources & Commodities Strategy Trust by 1.8% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 58,246 shares of the investment management company’s stock worth $702,000 after purchasing an additional 1,027 shares in the last quarter. Fiduciary Financial Group LLC grew its stake in shares of Blackrock Resources & Commodities Strategy Trust by 3.2% during the 2nd quarter. Fiduciary Financial Group LLC now owns 36,687 shares of the investment management company’s stock worth $415,000 after purchasing an additional 1,149 shares during the period. Cetera Investment Advisers grew its stake in shares of Blackrock Resources & Commodities Strategy Trust by 2.1% during the 4th quarter. Cetera Investment Advisers now owns 77,694 shares of the investment management company’s stock worth $853,000 after purchasing an additional 1,592 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 23.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 9,200 shares of the investment management company’s stock valued at $87,000 after purchasing an additional 1,758 shares in the last quarter.

About Blackrock Resources & Commodities Strategy Trust

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.