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

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) declared a monthly dividend on Friday, December 12th. Stockholders 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 dividend yield of 7.7%. The ex-dividend date of this dividend is Monday, December 22nd.

Blackrock Resources & Commodities Strategy Trust Price Performance

NYSE BCX opened at $10.81 on Friday. Blackrock Resources & Commodities Strategy Trust has a twelve month low of $7.84 and a twelve month high of $11.07. The business’s fifty day moving average is $10.16 and its 200 day moving average is $9.91.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC raised its holdings in Blackrock Resources & Commodities Strategy Trust by 42.5% during the 3rd quarter. Lazard Asset Management LLC now owns 2,480,945 shares of the investment management company’s stock worth $25,231,000 after purchasing an additional 740,443 shares during the last quarter. Invesco Ltd. boosted its position in Blackrock Resources & Commodities Strategy Trust by 2.2% during the second quarter. Invesco Ltd. now owns 1,109,900 shares of the investment management company’s stock valued at $10,489,000 after acquiring an additional 23,655 shares during the last quarter. 180 Wealth Advisors LLC grew its holdings in Blackrock Resources & Commodities Strategy Trust by 7.9% during the 3rd quarter. 180 Wealth Advisors LLC now owns 874,998 shares of the investment management company’s stock worth $8,899,000 after acquiring an additional 64,332 shares during the period. Bank of America Corp DE raised its position in shares of Blackrock Resources & Commodities Strategy Trust by 6.6% in the 3rd quarter. Bank of America Corp DE now owns 618,576 shares of the investment management company’s stock worth $6,291,000 after acquiring an additional 38,112 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of 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 valued at $5,648,000 after purchasing an additional 198,458 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.