Financial Advocates Investment Management Sells 8,600 Shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)

Financial Advocates Investment Management reduced its holdings in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) by 13.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,193 shares of the investment management company’s stock after selling 8,600 shares during the period. Financial Advocates Investment Management’s holdings in Blackrock Resources & Commodities Strategy Trust were worth $507,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its position in shares of Blackrock Resources & Commodities Strategy Trust by 19.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,498,989 shares of the investment management company’s stock valued at $22,966,000 after acquiring an additional 409,593 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Blackrock Resources & Commodities Strategy Trust by 15.2% in the first quarter. Lazard Asset Management LLC now owns 2,490,913 shares of the investment management company’s stock valued at $22,617,000 after purchasing an additional 329,511 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Blackrock Resources & Commodities Strategy Trust by 11.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 877,599 shares of the investment management company’s stock valued at $7,969,000 after buying an additional 88,253 shares during the period. 180 Wealth Advisors LLC boosted its holdings in Blackrock Resources & Commodities Strategy Trust by 13.1% during the second quarter. 180 Wealth Advisors LLC now owns 464,646 shares of the investment management company’s stock worth $4,349,000 after buying an additional 53,881 shares during the last quarter. Finally, Raymond James & Associates grew its position in shares of Blackrock Resources & Commodities Strategy Trust by 2.0% during the 2nd quarter. Raymond James & Associates now owns 413,757 shares of the investment management company’s stock worth $3,802,000 after buying an additional 8,305 shares during the period.

Blackrock Resources & Commodities Strategy Trust Stock Performance

Shares of NYSE:BCX traded up $0.07 during mid-day trading on Thursday, reaching $9.31. The stock had a trading volume of 102,501 shares, compared to its average volume of 263,356. The firm has a 50 day simple moving average of $9.19 and a two-hundred day simple moving average of $9.08. Blackrock Resources & Commodities Strategy Trust has a twelve month low of $8.25 and a twelve month high of $9.64.

Blackrock Resources & Commodities Strategy Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a $0.052 dividend. The ex-dividend date is Thursday, August 15th. This is a positive change from Blackrock Resources & Commodities Strategy Trust’s previous monthly dividend of $0.05. This represents a $0.62 annualized dividend and a yield of 6.70%.

Blackrock Resources & Commodities Strategy Trust Company 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.