Cypress Capital Management LLC WY Buys New Shares in Blackrock Resources & Commodities Strategy Trust $BCX

Cypress Capital Management LLC WY bought a new position in shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,275 shares of the investment management company’s stock, valued at approximately $456,000.

A number of other hedge funds have also recently added to or reduced their stakes in BCX. Allied Private Wealth LLC purchased a new stake in Blackrock Resources & Commodities Strategy Trust in the 2nd quarter valued at about $28,000. IFP Advisors Inc purchased a new position in shares of Blackrock Resources & Commodities Strategy Trust during the 4th quarter worth about $30,000. Advocate Investing Services LLC purchased a new position in shares of Blackrock Resources & Commodities Strategy Trust during the 4th quarter worth about $35,000. Harbour Investments Inc. acquired a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the fourth quarter worth approximately $43,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Blackrock Resources & Commodities Strategy Trust by 431.2% in the first quarter. Geneos Wealth Management Inc. now owns 7,442 shares of the investment management company’s stock worth $69,000 after acquiring an additional 6,041 shares during the last quarter.

Blackrock Resources & Commodities Strategy Trust Stock Performance

Blackrock Resources & Commodities Strategy Trust stock opened at $13.20 on Wednesday. Blackrock Resources & Commodities Strategy Trust has a 1 year low of $9.68 and a 1 year high of $13.86. The firm has a 50 day moving average price of $12.23 and a 200 day moving average price of $12.16.

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.