Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Shares Down 1% – Time to Sell?

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)’s stock price dropped 1% on Thursday. The stock traded as low as $11.70 and last traded at $11.7550. 137,182 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 209,121 shares. The stock had previously closed at $11.87.

Blackrock Resources & Commodities Strategy Trust Stock Performance

The stock has a 50-day simple moving average of $12.18 and a two-hundred day simple moving average of $12.20.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a $0.0697 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.84 annualized dividend and a yield of 7.1%.

Institutional Trading of Blackrock Resources & Commodities Strategy Trust

Several large investors have recently added to or reduced their stakes in BCX. Allied Private Wealth LLC purchased a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the second quarter worth $28,000. Blue Bell Private Wealth Management LLC lifted its position in Blackrock Resources & Commodities Strategy Trust by 12.8% during the second quarter. Blue Bell Private Wealth Management LLC now owns 7,945 shares of the investment management company’s stock valued at $90,000 after purchasing an additional 900 shares during the last quarter. Wedbush Securities Inc. purchased a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the third quarter valued at $119,000. Kingswood Wealth Advisors LLC bought a new position in shares of Blackrock Resources & Commodities Strategy Trust during the 3rd quarter worth $132,000. Finally, Readystate Asset Management LP purchased a new position in shares of Blackrock Resources & Commodities Strategy Trust in the 2nd quarter worth approximately $135,000.

About Blackrock Resources & Commodities Strategy Trust

BlackRock Resources & Commodities Strategy Trust (NYSE: BCX) is a non-diversified closed-end investment fund managed by BlackRock Advisors, LLC. The trust seeks total return through a combination of current income, current gains and long-term capital appreciation. BCX invests primarily in equity securities of companies involved in the natural resources sector, including businesses connected to energy, metals and mining, agriculture, chemicals, and other commodity-related activities. The portfolio may also include commodity-linked securities and derivatives, such as futures, options and swaps, as well as investments in companies and funds that provide exposure to commodity prices.