NewEdge Advisors LLC Trims Stock Position in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)

NewEdge Advisors LLC lessened its holdings in shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,869 shares of the investment management company’s stock after selling 6,366 shares during the period. NewEdge Advisors LLC’s holdings in Blackrock Resources & Commodities Strategy Trust were worth $588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. PNC Financial Services Group Inc. acquired a new stake in Blackrock Resources & Commodities Strategy Trust during the fourth quarter valued at $234,000. Stephens Inc. AR grew its position in Blackrock Resources & Commodities Strategy Trust by 36.5% during the fourth quarter. Stephens Inc. AR now owns 49,409 shares of the investment management company’s stock valued at $422,000 after buying an additional 13,225 shares during the period. HighTower Advisors LLC grew its position in Blackrock Resources & Commodities Strategy Trust by 21.4% during the fourth quarter. HighTower Advisors LLC now owns 18,285 shares of the investment management company’s stock valued at $156,000 after buying an additional 3,224 shares during the period. Thrivent Financial for Lutherans acquired a new stake in Blackrock Resources & Commodities Strategy Trust during the fourth quarter valued at $111,000. Finally, Raymond James Financial Inc. acquired a new stake in Blackrock Resources & Commodities Strategy Trust during the fourth quarter valued at $7,951,000.

Blackrock Resources & Commodities Strategy Trust Stock Performance

BCX stock opened at $8.95 on Monday. The firm’s fifty day moving average is $8.93 and its 200 day moving average is $9.08. Blackrock Resources & Commodities Strategy Trust has a one year low of $7.84 and a one year high of $9.74.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.0697 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.35%.

Blackrock Resources & Commodities Strategy Trust Profile

Blackrock Resources & Commodities Strategy Trust is a closed-ended equity mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the commodities or natural resources sectors.