Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) shares passed 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 changing hands.

Blackrock Resources & Commodities Strategy Trust Stock Up 1.5%

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

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a $0.0697 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 6.3%.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Moors & Cabot Inc. lifted its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 9.7% in the 3rd quarter. Moors & Cabot Inc. now owns 11,400 shares of the investment management company’s stock valued at $116,000 after buying an additional 1,005 shares during the period. Level Four Advisory Services LLC grew its holdings in Blackrock Resources & Commodities Strategy Trust by 8.2% during the third quarter. Level Four Advisory Services LLC now owns 15,108 shares of the investment management company’s stock worth $154,000 after acquiring an additional 1,145 shares during the period. RB Capital Management LLC raised its position in Blackrock Resources & Commodities Strategy Trust by 2.0% in the third quarter. RB Capital Management LLC now owns 62,291 shares of the investment management company’s stock worth $634,000 after acquiring an additional 1,246 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Blackrock Resources & Commodities Strategy Trust by 2.1% in the fourth quarter. Cetera Investment Advisers now owns 77,694 shares of the investment management company’s stock valued at $853,000 after acquiring an additional 1,592 shares during the period. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in Blackrock Resources & Commodities Strategy Trust by 2.8% in the third quarter. Nations Financial Group Inc. IA ADV now owns 62,760 shares of the investment management company’s stock valued at $638,000 after acquiring an additional 1,681 shares during the period.

Blackrock Resources & Commodities Strategy Trust Company Profile

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.