HighTower Advisors LLC Makes New Investment in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)

HighTower Advisors LLC purchased a new stake in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 15,061 shares of the investment management company’s stock, valued at approximately $145,000.

Several other hedge funds have also added to or reduced their stakes in the company. Sigma Planning Corp acquired a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the 3rd quarter worth approximately $104,000. Creekside Partners acquired a new position in Blackrock Resources & Commodities Strategy Trust in the 2nd quarter worth about $119,000. Choreo LLC bought a new position in Blackrock Resources & Commodities Strategy Trust in the second quarter valued at about $123,000. Raymond James Trust N.A. raised its position in Blackrock Resources & Commodities Strategy Trust by 18.8% in the second quarter. Raymond James Trust N.A. now owns 20,782 shares of the investment management company’s stock valued at $191,000 after purchasing an additional 3,296 shares during the last quarter. Finally, Leibman Financial Services Inc. acquired a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the third quarter valued at about $202,000.

Blackrock Resources & Commodities Strategy Trust Stock Performance

Shares of NYSE BCX opened at $8.67 on Thursday. The company’s 50 day moving average price is $9.26 and its 200-day moving average price is $9.23. Blackrock Resources & Commodities Strategy Trust has a 52-week low of $8.25 and a 52-week high of $9.74.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 16th were issued a dividend of $0.0697 per share. The ex-dividend date was Monday, December 16th. This represents a $0.84 dividend on an annualized basis and a yield of 9.65%.

Blackrock Resources & Commodities Strategy Trust Profile

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.