Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.91 and traded as low as $11.57. Blackrock Resources & Commodities Strategy Trust shares last traded at $11.6050, with a volume of 175,212 shares trading hands.

Blackrock Resources & Commodities Strategy Trust Stock Up 0.4%

The firm has a fifty day simple moving average of $12.15 and a 200 day simple moving average of $11.93.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.0697 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 7.1%.

Institutional Trading of Blackrock Resources & Commodities Strategy Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BCX. Wells Fargo & Company MN grew its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 2.2% during the 4th quarter. Wells Fargo & Company MN now owns 4,101,251 shares of the investment management company’s stock worth $45,032,000 after purchasing an additional 87,072 shares during the period. Lazard Asset Management LLC grew its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 19.1% during the 4th quarter. Lazard Asset Management LLC now owns 2,955,887 shares of the investment management company’s stock worth $32,456,000 after purchasing an additional 474,942 shares during the period. Invesco Ltd. grew its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 2.2% during the 2nd quarter. Invesco Ltd. now owns 1,109,900 shares of the investment management company’s stock worth $10,489,000 after purchasing an additional 23,655 shares during the period. 180 Wealth Advisors LLC grew its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 7.5% during the 1st quarter. 180 Wealth Advisors LLC now owns 1,080,074 shares of the investment management company’s stock worth $13,015,000 after purchasing an additional 74,976 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 25.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 954,111 shares of the investment management company’s stock worth $10,476,000 after purchasing an additional 193,587 shares during the period.

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.