Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $12.08 and traded as high as $13.32. Blackrock Resources & Commodities Strategy Trust shares last traded at $13.2990, with a volume of 175,990 shares.

Blackrock Resources & Commodities Strategy Trust Stock Performance

The stock has a 50 day moving average of $12.13 and a 200 day moving average of $10.80.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.0697 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 6.2%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC grew its position in Blackrock Resources & Commodities Strategy Trust by 42.5% in 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. 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. Allspring Global Investments Holdings LLC increased its position in Blackrock Resources & Commodities Strategy Trust by 25.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 954,111 shares of the investment management company’s stock valued at $10,476,000 after acquiring an additional 193,587 shares during the period. Finally, City of London Investment Management Co. Ltd. increased its position in Blackrock Resources & Commodities Strategy Trust by 59.8% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 371,895 shares of the investment management company’s stock valued at $3,782,000 after acquiring an additional 139,234 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.