Sit Investment Associates Inc. Has $12.13 Million Stock Holdings in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)

Sit Investment Associates Inc. grew its holdings in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) by 10.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,300,123 shares of the investment management company’s stock after buying an additional 127,602 shares during the quarter. Sit Investment Associates Inc.’s holdings in Blackrock Resources & Commodities Strategy Trust were worth $12,130,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in shares of Blackrock Resources & Commodities Strategy Trust in the 4th quarter valued at $7,951,000. 180 Wealth Advisors LLC grew its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 12.1% in the 1st quarter. 180 Wealth Advisors LLC now owns 714,381 shares of the investment management company’s stock worth $6,665,000 after purchasing an additional 77,011 shares during the last quarter. Penserra Capital Management LLC bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the 1st quarter worth about $5,275,000. Stifel Financial Corp grew its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 2.5% in the 4th quarter. Stifel Financial Corp now owns 338,731 shares of the investment management company’s stock worth $2,893,000 after purchasing an additional 8,125 shares during the last quarter. Finally, Intellectus Partners LLC grew its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 30.8% in the 1st quarter. Intellectus Partners LLC now owns 282,562 shares of the investment management company’s stock worth $2,636,000 after purchasing an additional 66,573 shares during the last quarter.

Blackrock Resources & Commodities Strategy Trust Stock Up 0.4%

BCX opened at $9.70 on Thursday. The firm’s 50-day simple moving average is $9.57 and its 200-day simple moving average is $9.22. Blackrock Resources & Commodities Strategy Trust has a twelve month low of $7.84 and a twelve month high of $9.83.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a $0.0697 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a c) annualized dividend and a dividend yield of 8.6%.

Blackrock Resources & Commodities Strategy Trust Profile

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.