Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.37 and traded as low as $12.24. Blackrock Resources & Commodities Strategy Trust shares last traded at $12.3550, with a volume of 182,322 shares.

Blackrock Resources & Commodities Strategy Trust Trading Up 0.4%

The company has a 50-day moving average of $12.37 and a two-hundred day moving average of $10.97.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.0697 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Investors Weigh In On Blackrock Resources & Commodities Strategy Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its holdings in Blackrock Resources & Commodities Strategy Trust by 42.5% during the third quarter. Lazard Asset Management LLC now owns 2,480,945 shares of the investment management company’s stock valued at $25,231,000 after purchasing an additional 740,443 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Blackrock Resources & Commodities Strategy Trust by 15,635.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 236,038 shares of the investment management company’s stock worth $2,592,000 after purchasing an additional 234,538 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Blackrock Resources & Commodities Strategy Trust by 49.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 597,695 shares of the investment management company’s stock valued at $5,648,000 after purchasing an additional 198,458 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Blackrock Resources & Commodities Strategy Trust by 25.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 954,111 shares of the investment management company’s stock valued at $10,476,000 after purchasing an additional 193,587 shares during the period. Finally, City of London Investment Management Co. Ltd. lifted its stake in shares of Blackrock Resources & Commodities Strategy Trust by 59.8% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 371,895 shares of the investment management company’s stock valued at $3,782,000 after buying an additional 139,234 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.