Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Stock Passes Above 50 Day Moving Average – Here’s What Happened

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $11.82 and traded as high as $13.30. Blackrock Resources & Commodities Strategy Trust shares last traded at $13.1450, with a volume of 191,638 shares trading hands.

Blackrock Resources & Commodities Strategy Trust Price Performance

The firm’s fifty day moving average is $11.85 and its two-hundred day moving average is $12.14.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.0697 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BCX. Allied Private Wealth LLC bought a new position in Blackrock Resources & Commodities Strategy Trust during the 2nd quarter valued at $28,000. IFP Advisors Inc acquired a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the fourth quarter valued at $30,000. Advocate Investing Services LLC acquired a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the fourth quarter valued at $35,000. Harbour Investments Inc. bought a new position in Blackrock Resources & Commodities Strategy Trust during the fourth quarter valued at about $43,000. Finally, Geneos Wealth Management Inc. grew its holdings in Blackrock Resources & Commodities Strategy Trust by 431.2% during the first quarter. Geneos Wealth Management Inc. now owns 7,442 shares of the investment management company’s stock worth $69,000 after acquiring an additional 6,041 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.