Private Advisor Group LLC reduced its stake in shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX – Get Rating) by 34.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 162,180 shares of the investment management company's stock after selling 83,462 shares during the quarter. Private Advisor Group LLC's holdings in Blackrock Resources & Commodities Strategy Trust were worth $1,790,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in BCX. Invesco Ltd. grew its position in shares of Blackrock Resources & Commodities Strategy Trust by 9.5% in the 4th quarter. Invesco Ltd. now owns 1,375,706 shares of the investment management company's stock worth $12,863,000 after buying an additional 119,497 shares during the period. Raymond James & Associates grew its position in shares of Blackrock Resources & Commodities Strategy Trust by 1.8% in the 1st quarter. Raymond James & Associates now owns 1,178,295 shares of the investment management company's stock worth $13,008,000 after buying an additional 20,484 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Blackrock Resources & Commodities Strategy Trust by 13.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 907,615 shares of the investment management company's stock worth $10,020,000 after buying an additional 104,921 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of Blackrock Resources & Commodities Strategy Trust by 33.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 778,433 shares of the investment management company's stock worth $8,594,000 after buying an additional 196,411 shares during the period. Finally, Stratos Wealth Partners LTD. grew its position in shares of Blackrock Resources & Commodities Strategy Trust by 3.1% in the 1st quarter. Stratos Wealth Partners LTD. now owns 656,432 shares of the investment management company's stock worth $7,247,000 after buying an additional 19,597 shares during the period.
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Blackrock Resources & Commodities Strategy Trust Price Performance
Shares of BCX stock opened at $9.28 on Friday. Blackrock Resources & Commodities Strategy Trust has a one year low of $7.91 and a one year high of $11.62. The company's 50-day moving average is $9.00 and its 200 day moving average is $10.08.
Blackrock Resources & Commodities Strategy Trust Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.045 per share. This represents a $0.54 annualized dividend and a yield of 5.82%. The ex-dividend date of this dividend is Wednesday, September 14th.
Blackrock Resources & Commodities Strategy Trust Profile
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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.
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