Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $12.45 and traded as low as $12.14. Blackrock Resources & Commodities Strategy Trust shares last traded at $12.26, with a volume of 167,149 shares trading hands.

Blackrock Resources & Commodities Strategy Trust Stock Performance

The stock has a 50 day simple moving average of $12.48 and a 200-day simple moving average of $12.13.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a dividend of $0.0697 per share. The ex-dividend date is Friday, December 11th. This represents a c) annualized dividend and a dividend yield of 6.8%.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

A number of hedge funds have recently bought and sold shares of the company. Allied Private Wealth LLC purchased a new stake in Blackrock Resources & Commodities Strategy Trust during the 2nd quarter valued at about $28,000. IFP Advisors Inc purchased a new position in Blackrock Resources & Commodities Strategy Trust in the fourth quarter worth about $30,000. Harbour Investments Inc. purchased a new position in Blackrock Resources & Commodities Strategy Trust in the fourth quarter worth about $43,000. Blue Bell Private Wealth Management LLC lifted 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 buying an additional 900 shares in the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of Blackrock Resources & Commodities Strategy Trust in the first quarter worth approximately $119,000.

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.