Blackrock Resources & Commodities Strategy Trust Announces Monthly Dividend of $0.07 (NYSE:BCX)

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.0697 per share by the investment management company on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Thursday, October 15th.

Blackrock Resources & Commodities Strategy Trust Stock Performance

Blackrock Resources & Commodities Strategy Trust stock opened at $12.97 on Friday. Blackrock Resources & Commodities Strategy Trust has a 1 year low of $9.68 and a 1 year high of $13.86. The firm’s 50-day moving average is $12.30 and its 200-day moving average is $12.16.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

A number of large investors have recently bought and sold shares of the business. Lazard Asset Management LLC raised its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 42.5% during the third quarter. Lazard Asset Management LLC now owns 2,480,945 shares of the investment management company’s stock valued at $25,231,000 after buying an additional 740,443 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Blackrock Resources & Commodities Strategy Trust by 15,635.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 236,038 shares of the investment management company’s stock worth $2,592,000 after buying an additional 234,538 shares during the period. Ameriprise Financial Inc. grew its holdings in Blackrock Resources & Commodities Strategy Trust by 49.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 597,695 shares of the investment management company’s stock worth $5,648,000 after buying an additional 198,458 shares in the last quarter. Transcend Capital Advisors LLC grew its holdings in Blackrock Resources & Commodities Strategy Trust by 522.0% in the 2nd quarter. Transcend Capital Advisors LLC now owns 210,078 shares of the investment management company’s stock worth $2,376,000 after buying an additional 176,305 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its position in Blackrock Resources & Commodities Strategy Trust by 1,149.5% in the 1st quarter. Kestra Advisory Services LLC now owns 143,666 shares of the investment management company’s stock valued at $1,731,000 after acquiring an additional 132,168 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.