LPL Financial LLC Buys 9,448 Shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)

LPL Financial LLC lifted its stake in shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX – Get Rating) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 549,543 shares of the investment management company’s stock after acquiring an additional 9,448 shares during the quarter. LPL Financial LLC’s holdings in Blackrock Resources & Commodities Strategy Trust were worth $5,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in BCX. Lazard Asset Management LLC grew its stake in Blackrock Resources & Commodities Strategy Trust by 11.3% during the first quarter. Lazard Asset Management LLC now owns 2,528,844 shares of the investment management company’s stock worth $27,918,000 after purchasing an additional 256,075 shares during the period. City of London Investment Management Co. Ltd. acquired a new stake in Blackrock Resources & Commodities Strategy Trust during the third quarter worth approximately $12,753,000. Allspring Global Investments Holdings LLC grew its stake in Blackrock Resources & Commodities Strategy Trust by 331.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,082,985 shares of the investment management company’s stock worth $10,797,000 after purchasing an additional 831,978 shares during the period. Commonwealth Equity Services LLC grew its stake in Blackrock Resources & Commodities Strategy Trust by 4.0% during the third quarter. Commonwealth Equity Services LLC now owns 1,074,668 shares of the investment management company’s stock worth $9,338,000 after purchasing an additional 41,175 shares during the period. Finally, Royal Bank of Canada grew its stake in Blackrock Resources & Commodities Strategy Trust by 4.3% during the first quarter. Royal Bank of Canada now owns 993,069 shares of the investment management company’s stock worth $10,964,000 after purchasing an additional 41,012 shares during the period.

Blackrock Resources & Commodities Strategy Trust Stock Down 0.7 %

NYSE BCX opened at $9.05 on Monday. The business has a 50 day simple moving average of $9.48 and a 200 day simple moving average of $9.77. Blackrock Resources & Commodities Strategy Trust has a one year low of $7.91 and a one year high of $11.24.

Blackrock Resources & Commodities Strategy Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 15th will be paid a dividend of $0.052 per share. The ex-dividend date is Friday, May 12th. This represents a $0.62 annualized dividend and a yield of 6.90%. This is a boost from Blackrock Resources & Commodities Strategy Trust’s previous monthly dividend of $0.05.

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.