Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Stock Price Breaks Below 50-Day Moving Average – What’s Next?

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)’s stock price passed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $12.54 and traded as low as $11.86. Blackrock Resources & Commodities Strategy Trust shares last traded at $11.91, with a volume of 141,213 shares traded.

Blackrock Resources & Commodities Strategy Trust Stock Down 1.8%

The firm has a 50 day moving average price of $12.54 and a 200 day moving average price of $12.11.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

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

Institutional Investors Weigh In On Blackrock Resources & Commodities Strategy Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BCX. Allied Private Wealth LLC bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the 2nd quarter valued at $28,000. Blue Bell Private Wealth Management LLC boosted its stake in shares of Blackrock Resources & Commodities Strategy Trust by 12.8% in 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 acquiring an additional 900 shares during the period. Summit Securities Group LLC bought a new position in Blackrock Resources & Commodities Strategy Trust in the 1st quarter worth approximately $119,000. Readystate Asset Management LP purchased a new position in Blackrock Resources & Commodities Strategy Trust during the second quarter valued at $135,000. Finally, Concorde Asset Management LLC bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the first quarter worth about $177,000.

About Blackrock Resources & Commodities Strategy Trust

BlackRock Resources & Commodities Strategy Trust (NYSE: BCX) is a non-diversified, closed-end management investment company. The trust seeks to provide total return through a combination of current income and capital appreciation by investing primarily in securities of companies involved in natural resources and commodities.

Its portfolio may include equity and debt securities issued by companies engaged in energy, metals and mining, agriculture, chemicals, forestry, and other resource-related industries.