BlackRock Resources and Commodities (BCX) Holdings Trimmed by Marathon Capital Management

Marathon Capital Management lowered its stake in shares of BlackRock Resources and Commodities (NYSE:BCX) by 23.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,186 shares of the investment management company’s stock after selling 12,792 shares during the quarter. Marathon Capital Management’s holdings in BlackRock Resources and Commodities were worth $338,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BCX. IFP Advisors Inc lifted its position in shares of BlackRock Resources and Commodities by 8.8% during the 2nd quarter. IFP Advisors Inc now owns 23,033 shares of the investment management company’s stock valued at $184,000 after buying an additional 1,869 shares during the last quarter. Stockman Wealth Management Inc. lifted its holdings in BlackRock Resources and Commodities by 164.2% during the 2nd quarter. Stockman Wealth Management Inc. now owns 27,500 shares of the investment management company’s stock worth $220,000 after purchasing an additional 17,091 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in BlackRock Resources and Commodities by 58.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 44,748 shares of the investment management company’s stock worth $359,000 after purchasing an additional 16,585 shares in the last quarter. Peak Asset Management LLC lifted its holdings in BlackRock Resources and Commodities by 37.2% during the 2nd quarter. Peak Asset Management LLC now owns 66,852 shares of the investment management company’s stock worth $535,000 after purchasing an additional 18,124 shares in the last quarter. Finally, BB&T Securities LLC lifted its holdings in BlackRock Resources and Commodities by 18.2% during the 2nd quarter. BB&T Securities LLC now owns 67,186 shares of the investment management company’s stock worth $538,000 after purchasing an additional 10,327 shares in the last quarter.

BlackRock Resources and Commodities (NYSE BCX) traded up 0.11% during midday trading on Friday, reaching $8.79. The company’s stock had a trading volume of 21,912 shares. BlackRock Resources and Commodities has a 12-month low of $7.63 and a 12-month high of $8.99. The company’s 50-day moving average is $8.55 and its 200 day moving average is $8.41.

The firm also recently declared a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.0516 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.62 annualized dividend and a dividend yield of 7.05%.

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BlackRock Resources and Commodities Profile

BlackRock Resources & Commodities Strategy Trust is a non-diversified, closed-end management investment company. The Trust’s primary investment objective is to seek high current income and current gains, with a secondary objective of capital appreciation. It will seek to achieve its investment objectives, under normal market conditions, by investing at least 80% of its total assets in equity securities issued by commodity or natural resources companies, derivatives with exposure to commodity or natural resources companies or investments in securities and derivatives linked to the underlying price movement of commodities or natural resources.

Institutional Ownership by Quarter for BlackRock Resources and Commodities (NYSE:BCX)

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