Sit Investment Associates Inc. Buys 407,467 Shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)

Sit Investment Associates Inc. raised its stake in shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) by 53.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,172,521 shares of the investment management company’s stock after purchasing an additional 407,467 shares during the quarter. Sit Investment Associates Inc.’s holdings in Blackrock Resources & Commodities Strategy Trust were worth $10,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of BCX. Calamos Advisors LLC boosted its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 11.9% in the 4th quarter. Calamos Advisors LLC now owns 29,328 shares of the investment management company’s stock worth $250,000 after purchasing an additional 3,127 shares in the last quarter. HighTower Advisors LLC boosted its stake in Blackrock Resources & Commodities Strategy Trust by 21.4% in the fourth quarter. HighTower Advisors LLC now owns 18,285 shares of the investment management company’s stock worth $156,000 after buying an additional 3,224 shares in the last quarter. Curio Wealth LLC bought a new position in Blackrock Resources & Commodities Strategy Trust during the fourth quarter valued at approximately $28,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Blackrock Resources & Commodities Strategy Trust during the third quarter worth approximately $35,000. Finally, Samalin Investment Counsel LLC raised its stake in shares of Blackrock Resources & Commodities Strategy Trust by 6.4% during the fourth quarter. Samalin Investment Counsel LLC now owns 62,948 shares of the investment management company’s stock worth $538,000 after acquiring an additional 3,782 shares in the last quarter.

Blackrock Resources & Commodities Strategy Trust Stock Down 8.0 %

Shares of Blackrock Resources & Commodities Strategy Trust stock opened at $8.29 on Friday. Blackrock Resources & Commodities Strategy Trust has a 52-week low of $8.25 and a 52-week high of $9.74. The company has a fifty day moving average of $9.11 and a 200-day moving average of $9.18.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.0697 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 10.10%.

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.