Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Stock Price Down 1% – Should You Sell?

Shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) were down 1% during mid-day trading on Thursday. The stock traded as low as $11.70 and last traded at $11.7550. 137,182 shares traded hands during trading, a decline of 34% from the average session volume of 209,121 shares. The stock had previously closed at $11.87.

Blackrock Resources & Commodities Strategy Trust Stock Down 1.0%

The company has a 50 day moving average of $12.18 and a 200 day moving average of $12.20.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a $0.0697 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.84 dividend on an annualized basis and a yield of 7.1%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BCX. Allied Private Wealth LLC purchased a new position in shares of Blackrock Resources & Commodities Strategy Trust in the 2nd quarter valued at about $28,000. Blue Bell Private Wealth Management LLC boosted its stake in shares of Blackrock Resources & Commodities Strategy Trust by 12.8% during the second quarter. Blue Bell Private Wealth Management LLC now owns 7,945 shares of the investment management company’s stock worth $90,000 after buying an additional 900 shares during the period. Wedbush Securities Inc. acquired a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the third quarter worth $119,000. Kingswood Wealth Advisors LLC purchased a new position in Blackrock Resources & Commodities Strategy Trust during the third quarter worth about $132,000. Finally, Readystate Asset Management LP acquired a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the 2nd quarter valued at approximately $135,000.

Blackrock Resources & Commodities Strategy Trust Company Profile

BlackRock Resources & Commodities Strategy Trust (NYSE: BCX) is a non-diversified closed-end investment fund managed by BlackRock Advisors, LLC. The trust seeks total return through a combination of current income, current gains and long-term capital appreciation. BCX invests primarily in equity securities of companies involved in the natural resources sector, including businesses connected to energy, metals and mining, agriculture, chemicals, and other commodity-related activities. The portfolio may also include commodity-linked securities and derivatives, such as futures, options and swaps, as well as investments in companies and funds that provide exposure to commodity prices.