Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Shares Cross Below 50 Day Moving Average – Here’s Why

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $12.37 and traded as low as $12.24. Blackrock Resources & Commodities Strategy Trust shares last traded at $12.3550, with a volume of 182,322 shares trading hands.

Blackrock Resources & Commodities Strategy Trust Stock Up 0.4%

The company has a 50 day simple moving average of $12.37 and a two-hundred day simple moving average of $10.97.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.0697 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%.

Institutional Trading of Blackrock Resources & Commodities Strategy Trust

A number of institutional investors and hedge funds have recently bought and sold shares of BCX. Evolve Private Wealth LLC purchased a new stake in Blackrock Resources & Commodities Strategy Trust in the 4th quarter worth $847,000. Guggenheim Capital LLC increased its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 28.4% in the fourth quarter. Guggenheim Capital LLC now owns 96,497 shares of the investment management company’s stock worth $1,060,000 after purchasing an additional 21,334 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 2.1% in the fourth quarter. Cetera Investment Advisers now owns 77,694 shares of the investment management company’s stock worth $853,000 after purchasing an additional 1,592 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Blackrock Resources & Commodities Strategy Trust by 19.1% in the fourth quarter. Lazard Asset Management LLC now owns 2,955,887 shares of the investment management company’s stock worth $32,456,000 after buying an additional 474,942 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of Blackrock Resources & Commodities Strategy Trust by 1.1% in the fourth quarter. Osaic Holdings Inc. now owns 231,109 shares of the investment management company’s stock worth $2,538,000 after buying an additional 2,505 shares in the last quarter.

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.