Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Stock Passes Below Fifty Day Moving Average – Here’s Why

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.79 and traded as low as $11.30. Blackrock Resources & Commodities Strategy Trust shares last traded at $11.3870, with a volume of 107,090 shares changing hands.

Blackrock Resources & Commodities Strategy Trust Price Performance

The firm has a 50-day moving average of $11.79 and a 200-day moving average of $12.04.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.0697 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BCX. Allied Private Wealth LLC purchased a new stake in Blackrock Resources & Commodities Strategy Trust in the second quarter valued at approximately $28,000. IFP Advisors Inc purchased a new position in Blackrock Resources & Commodities Strategy Trust during the 4th quarter worth approximately $30,000. Advocate Investing Services LLC acquired a new stake in Blackrock Resources & Commodities Strategy Trust during the 4th quarter valued at approximately $35,000. Harbour Investments Inc. acquired a new stake in Blackrock Resources & Commodities Strategy Trust during the 4th quarter valued at approximately $43,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 431.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,442 shares of the investment management company’s stock valued at $69,000 after acquiring an additional 6,041 shares during the last quarter.

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.