Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $11.62 and traded as high as $12.64. Blackrock Resources & Commodities Strategy Trust shares last traded at $12.62, with a volume of 194,469 shares trading hands.

Blackrock Resources & Commodities Strategy Trust Price Performance

The firm’s 50-day simple moving average is $11.63 and its 200 day simple moving average is $12.12.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.0697 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Tuesday, September 15th.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

A number of hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC acquired a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the second quarter worth $238,000. Blue Bell Private Wealth Management LLC boosted its position in shares of Blackrock Resources & Commodities Strategy Trust by 12.8% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 7,945 shares of the investment management company’s stock valued at $90,000 after purchasing an additional 900 shares during the period. Janney Montgomery Scott LLC increased its stake in Blackrock Resources & Commodities Strategy Trust by 18.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 35,901 shares of the investment management company’s stock worth $406,000 after purchasing an additional 5,700 shares in the last quarter. Transcend Capital Advisors LLC increased its stake in Blackrock Resources & Commodities Strategy Trust by 522.0% in the 2nd quarter. Transcend Capital Advisors LLC now owns 210,078 shares of the investment management company’s stock worth $2,376,000 after purchasing an additional 176,305 shares in the last quarter. Finally, Fiduciary Financial Group LLC raised its holdings in Blackrock Resources & Commodities Strategy Trust by 3.2% during the 2nd quarter. Fiduciary Financial Group LLC now owns 36,687 shares of the investment management company’s stock worth $415,000 after buying an additional 1,149 shares during the period.

Blackrock Resources & Commodities Strategy Trust Company Profile

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.