Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Shares Cross 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 $11.53 and traded as high as $12.96. Blackrock Resources & Commodities Strategy Trust shares last traded at $12.94, with a volume of 172,926 shares.

Blackrock Resources & Commodities Strategy Trust Stock Performance

The company’s 50 day moving average price is $11.53 and its two-hundred day moving average price is $10.50.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a $0.0697 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 6.5%.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

Hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC raised its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 42.5% in the 3rd quarter. Lazard Asset Management LLC now owns 2,480,945 shares of the investment management company’s stock valued at $25,231,000 after buying an additional 740,443 shares during the period. Invesco Ltd. grew its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 2.2% during the second quarter. Invesco Ltd. now owns 1,109,900 shares of the investment management company’s stock worth $10,489,000 after buying an additional 23,655 shares during the last quarter. 180 Wealth Advisors LLC lifted its stake in shares of Blackrock Resources & Commodities Strategy Trust by 14.9% in the 4th quarter. 180 Wealth Advisors LLC now owns 1,005,098 shares of the investment management company’s stock worth $11,036,000 after acquiring an additional 130,100 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Blackrock Resources & Commodities Strategy Trust by 25.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 954,111 shares of the investment management company’s stock valued at $10,476,000 after acquiring an additional 193,587 shares during the period. Finally, Bank of America Corp DE increased its stake in Blackrock Resources & Commodities Strategy Trust by 6.6% in the 3rd quarter. Bank of America Corp DE now owns 618,576 shares of the investment management company’s stock valued at $6,291,000 after purchasing an additional 38,112 shares in the last quarter.

About Blackrock Resources & Commodities Strategy Trust

BlackRock Resources & Commodities Strategy Trust (NYSE: BCX) is a closed-end management investment company focused on achieving total return through exposure to global commodities and natural resource sectors. Listed on the New York Stock Exchange, the trust offers investors a vehicle for diversified access to commodity markets, including energy, agriculture, metals and minerals, as well as related equities. By packaging multiple exposure strategies within a single portfolio, BCX seeks to deliver returns that are uncorrelated with traditional equity and fixed-income benchmarks.

The trust pursues its objectives through a combination of direct and indirect instruments.