Penn Mutual Life Insurance Co reduced its position in shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) by 58.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 257,000 shares of the investment management company’s stock after selling 359,000 shares during the period. Blackrock Resources & Commodities Strategy Trust makes up approximately 1.6% of Penn Mutual Life Insurance Co’s portfolio, making the stock its 18th largest position. Penn Mutual Life Insurance Co owned about 0.26% of Blackrock Resources & Commodities Strategy Trust worth $2,287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wells Fargo & Company MN raised its holdings in Blackrock Resources & Commodities Strategy Trust by 8.1% during the third quarter. Wells Fargo & Company MN now owns 8,225,195 shares of the investment management company’s stock worth $73,123,000 after purchasing an additional 613,187 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Blackrock Resources & Commodities Strategy Trust by 4.2% in the third quarter. Ameriprise Financial Inc. now owns 1,104,482 shares of the investment management company’s stock valued at $9,792,000 after buying an additional 44,478 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Blackrock Resources & Commodities Strategy Trust by 23.5% in the third quarter. Advisors Asset Management Inc. now owns 841,605 shares of the investment management company’s stock valued at $7,482,000 after buying an additional 160,041 shares in the last quarter. Royal Bank of Canada increased its holdings in Blackrock Resources & Commodities Strategy Trust by 5.4% in the second quarter. Royal Bank of Canada now owns 662,430 shares of the investment management company’s stock valued at $5,306,000 after buying an additional 34,100 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in Blackrock Resources & Commodities Strategy Trust by 33.2% in the third quarter. Stratos Wealth Partners LTD. now owns 258,412 shares of the investment management company’s stock valued at $2,297,000 after buying an additional 64,363 shares in the last quarter.

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) opened at $8.91 on Thursday. Blackrock Resources & Commodities Strategy Trust has a 1-year low of $7.76 and a 1-year high of $9.16.

The business also recently announced a monthly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were issued a $0.0516 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.62 dividend on an annualized basis and a yield of 6.95%.

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About Blackrock Resources & Commodities Strategy Trust

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.

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Institutional Ownership by Quarter for Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)

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