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

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.11 and traded as low as $8.67. Blackrock Resources & Commodities Strategy Trust shares last traded at $8.75, with a volume of 189,981 shares trading hands.

Blackrock Resources & Commodities Strategy Trust Stock Performance

The company’s 50 day moving average is $8.97 and its 200-day moving average is $9.11.

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 given 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 9.56%.

Institutional Trading of Blackrock Resources & Commodities Strategy Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Curio Wealth LLC acquired a new stake in Blackrock Resources & Commodities Strategy Trust in the fourth quarter valued at approximately $28,000. Wilmington Savings Fund Society FSB bought a new position in shares of Blackrock Resources & Commodities Strategy Trust in the 3rd quarter worth $35,000. NBC Securities Inc. grew its position in Blackrock Resources & Commodities Strategy Trust by 116,200.0% in the 1st quarter. NBC Securities Inc. now owns 4,652 shares of the investment management company’s stock valued at $43,000 after purchasing an additional 4,648 shares during the period. Elequin Capital LP acquired a new stake in Blackrock Resources & Commodities Strategy Trust in the 4th quarter valued at $58,000. Finally, CreativeOne Wealth LLC bought a new stake in Blackrock Resources & Commodities Strategy Trust during the 4th quarter valued at $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.