Blackrock Resources & Commodities Strategy Trust (BCX) to Issue Monthly Dividend of $0.07 on December 31st

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) announced a monthly dividend on Friday, December 12th. Shareholders of record on Monday, December 22nd will be paid a dividend of 0.0697 per share by the investment management company on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Monday, December 22nd.

Blackrock Resources & Commodities Strategy Trust Stock Up 0.7%

Shares of BCX traded up $0.08 during midday trading on Friday, hitting $10.81. 137,117 shares of the company traded hands, compared to its average volume of 229,826. The firm has a 50 day moving average of $10.16 and a 200-day moving average of $9.91. Blackrock Resources & Commodities Strategy Trust has a 52 week low of $7.84 and a 52 week high of $11.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. bought a new position in Blackrock Resources & Commodities Strategy Trust during the second quarter valued at $44,000. CWM LLC raised its position in Blackrock Resources & Commodities Strategy Trust by 69.0% during the 3rd quarter. CWM LLC now owns 5,327 shares of the investment management company’s stock valued at $54,000 after purchasing an additional 2,175 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 181.2% in the 2nd quarter. Allworth Financial LP now owns 5,623 shares of the investment management company’s stock worth $53,000 after buying an additional 3,623 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Blackrock Resources & Commodities Strategy Trust by 431.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,442 shares of the investment management company’s stock worth $69,000 after buying an additional 6,041 shares in the last quarter. Finally, Walleye Capital LLC bought a new position in shares of Blackrock Resources & Commodities Strategy Trust during the 2nd quarter worth $96,000.

About Blackrock Resources & Commodities Strategy Trust

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.