Advisors Asset Management Inc. Raises Holdings in BlackRock Resources and Commodities (BCX)

Advisors Asset Management Inc. boosted its holdings in BlackRock Resources and Commodities (NYSE:BCX) by 23.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 841,605 shares of the investment management company’s stock after acquiring an additional 160,041 shares during the quarter. Advisors Asset Management Inc. owned about 0.86% of BlackRock Resources and Commodities worth $7,482,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BCX. Citadel Advisors LLC bought a new stake in BlackRock Resources and Commodities in the second quarter worth about $147,000. Goldman Sachs Group Inc. raised its holdings in BlackRock Resources and Commodities by 92.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 22,662 shares of the investment management company’s stock worth $182,000 after buying an additional 10,858 shares during the period. IFP Advisors Inc raised its holdings in BlackRock Resources and Commodities by 8.8% during the 2nd quarter. IFP Advisors Inc now owns 23,033 shares of the investment management company’s stock worth $184,000 after buying an additional 1,869 shares during the period. Stockman Wealth Management Inc. raised its holdings in BlackRock Resources and Commodities by 164.2% during the 2nd quarter. Stockman Wealth Management Inc. now owns 27,500 shares of the investment management company’s stock worth $220,000 after buying an additional 17,091 shares during the period. Finally, Oppenheimer & Co. Inc. raised its holdings in BlackRock Resources and Commodities by 58.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 44,748 shares of the investment management company’s stock worth $359,000 after buying an additional 16,585 shares during the period.

BlackRock Resources and Commodities (BCX) traded up $0.02 during midday trading on Friday, reaching $8.77. The company’s stock had a trading volume of 180,223 shares, compared to its average volume of 281,530. BlackRock Resources and Commodities has a 12-month low of $7.76 and a 12-month high of $9.16.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.0516 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.62 annualized dividend and a yield of 7.06%.

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BlackRock Resources and Commodities Profile

BlackRock Resources & Commodities Strategy Trust is a non-diversified, closed-end management investment company. The Trust’s primary investment objective is to seek high current income and current gains, with a secondary objective of capital appreciation. It will seek to achieve its investment objectives, under normal market conditions, by investing at least 80% of its total 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.

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Institutional Ownership by Quarter for BlackRock Resources and Commodities (NYSE:BCX)

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