Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $12.08 and traded as high as $13.32. Blackrock Resources & Commodities Strategy Trust shares last traded at $13.2990, with a volume of 175,990 shares traded.

Blackrock Resources & Commodities Strategy Trust Stock Up 1.5%

The company’s 50 day moving average is $12.08 and its 200 day moving average is $10.77.

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 given a dividend of $0.0697 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Friday, March 13th.

Institutional Investors Weigh In On Blackrock Resources & Commodities Strategy Trust

A number of institutional investors and hedge funds have recently modified their holdings of BCX. IFP Advisors Inc purchased a new position in Blackrock Resources & Commodities Strategy Trust in the 4th quarter valued at approximately $30,000. Advocate Investing Services LLC purchased a new stake in Blackrock Resources & Commodities Strategy Trust during the fourth quarter worth $35,000. Harbour Investments Inc. acquired a new stake in Blackrock Resources & Commodities Strategy Trust in the fourth quarter valued at $43,000. PNC Financial Services Group Inc. purchased a new position in shares of Blackrock Resources & Commodities Strategy Trust in the second quarter valued at $44,000. Finally, CWM LLC increased its position in shares of Blackrock Resources & Commodities Strategy Trust by 69.0% in the third quarter. CWM LLC now owns 5,327 shares of the investment management company’s stock valued at $54,000 after buying an additional 2,175 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.