Park Avenue Securities LLC Decreases Position in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)

Park Avenue Securities LLC cut its stake in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX – Get Rating) by 12.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 12,304 shares of the investment management company’s stock after selling 1,763 shares during the quarter. Park Avenue Securities LLC’s holdings in Blackrock Resources & Commodities Strategy Trust were worth $107,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Samalin Investment Counsel LLC purchased a new position in Blackrock Resources & Commodities Strategy Trust in the 1st quarter worth approximately $33,000. Captrust Financial Advisors purchased a new position in Blackrock Resources & Commodities Strategy Trust in the 2nd quarter worth approximately $33,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in Blackrock Resources & Commodities Strategy Trust in the 3rd quarter worth approximately $34,000. Geneos Wealth Management Inc. lifted its stake in Blackrock Resources & Commodities Strategy Trust by 64.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,256 shares of the investment management company’s stock worth $46,000 after purchasing an additional 1,665 shares in the last quarter. Finally, US Bancorp DE lifted its stake in Blackrock Resources & Commodities Strategy Trust by 4,477.6% in the 2nd quarter. US Bancorp DE now owns 6,134 shares of the investment management company’s stock worth $55,000 after purchasing an additional 6,000 shares in the last quarter.

Blackrock Resources & Commodities Strategy Trust Price Performance

BCX opened at $10.50 on Wednesday. The company’s 50 day simple moving average is $9.90 and its two-hundred day simple moving average is $9.38. Blackrock Resources & Commodities Strategy Trust has a 1-year low of $7.91 and a 1-year high of $11.62.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 13th will be paid a $0.0518 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date is Thursday, January 12th.

About Blackrock Resources & Commodities Strategy Trust

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BlackRock Resources & Commodities Strategy Trust is a closed-end investment fund/investment trust. Its primary investment objective is to seek high current income and current gains, with a secondary objective of capital appreciation. It invests all of its assets in equity securities issued by commodity or natural resources companies, derivatives with exposure to commodity or natural resources companies or investments in securities and derivatives linked to the underlying price movement of commodities or natural resources.