Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Stock Passes Above 50 Day Moving Average – What’s Next?

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $10.13 and traded as high as $10.78. Blackrock Resources & Commodities Strategy Trust shares last traded at $10.6610, with a volume of 251,540 shares trading hands.

Blackrock Resources & Commodities Strategy Trust Stock Performance

The firm has a 50 day simple moving average of $10.13 and a two-hundred day simple moving average of $9.89.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be issued a dividend of $0.0697 per share. The ex-dividend date is Monday, December 22nd. This represents a c) annualized dividend and a yield of 7.8%.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

Several hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. bought a new position in shares of Blackrock Resources & Commodities Strategy Trust in the second quarter valued at approximately $44,000. CWM LLC grew its stake in Blackrock Resources & Commodities Strategy Trust by 69.0% in the 3rd quarter. CWM LLC now owns 5,327 shares of the investment management company’s stock valued at $54,000 after purchasing an additional 2,175 shares during the period. Allworth Financial LP increased its position in shares of Blackrock Resources & Commodities Strategy Trust by 181.2% during the 2nd quarter. Allworth Financial LP now owns 5,623 shares of the investment management company’s stock valued at $53,000 after purchasing an additional 3,623 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Blackrock Resources & Commodities Strategy Trust by 431.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,442 shares of the investment management company’s stock worth $69,000 after purchasing an additional 6,041 shares during the period. Finally, Walleye Capital LLC purchased a new position in shares of Blackrock Resources & Commodities Strategy Trust in the 2nd quarter worth about $96,000.

About Blackrock Resources & Commodities Strategy Trust

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.