City of London Investment Management Co. Ltd. Grows Position in Blackrock Resources & Commodities Strategy Trust $BCX

City of London Investment Management Co. Ltd. raised its stake in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) by 59.8% in the third quarter, HoldingsChannel.com reports. The fund owned 371,895 shares of the investment management company’s stock after purchasing an additional 139,234 shares during the quarter. City of London Investment Management Co. Ltd.’s holdings in Blackrock Resources & Commodities Strategy Trust were worth $3,782,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BCX. NewEdge Advisors LLC boosted its stake in shares of Blackrock Resources & Commodities Strategy Trust by 6.6% during the first quarter. NewEdge Advisors LLC now owns 73,411 shares of the investment management company’s stock valued at $685,000 after acquiring an additional 4,542 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Blackrock Resources & Commodities Strategy Trust by 431.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,442 shares of the investment management company’s stock valued at $69,000 after purchasing an additional 6,041 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Blackrock Resources & Commodities Strategy Trust by 21.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 28,382 shares of the investment management company’s stock valued at $268,000 after purchasing an additional 5,072 shares during the last quarter. Allworth Financial LP lifted its holdings in 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 valued at $53,000 after purchasing an additional 3,623 shares in the last quarter. Finally, PNC Financial Services Group Inc. purchased a new position in Blackrock Resources & Commodities Strategy Trust in the 2nd quarter valued at about $44,000.

Blackrock Resources & Commodities Strategy Trust Stock Down 2.4%

Blackrock Resources & Commodities Strategy Trust stock opened at $12.13 on Friday. Blackrock Resources & Commodities Strategy Trust has a 12-month low of $7.84 and a 12-month high of $13.86. The firm’s 50-day moving average is $12.45 and its two-hundred day moving average is $11.01.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.0697 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, June 15th.

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.