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

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.91 and traded as low as $11.57. Blackrock Resources & Commodities Strategy Trust shares last traded at $11.6050, with a volume of 175,212 shares traded.

Blackrock Resources & Commodities Strategy Trust Stock Down 0.2%

The business has a fifty day moving average of $12.17 and a 200 day moving average of $11.91.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.0697 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 7.2%.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

Hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased 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 worth $10,476,000 after buying an additional 193,587 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Blackrock Resources & Commodities Strategy Trust by 15,635.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 236,038 shares of the investment management company’s stock worth $2,592,000 after buying an additional 234,538 shares during the last quarter. UBS Group AG increased its holdings in Blackrock Resources & Commodities Strategy Trust by 24.8% in the fourth quarter. UBS Group AG now owns 254,867 shares of the investment management company’s stock worth $2,798,000 after buying an additional 50,706 shares during the last quarter. 180 Wealth Advisors LLC increased its holdings in Blackrock Resources & Commodities Strategy Trust by 14.9% in the fourth quarter. 180 Wealth Advisors LLC now owns 1,005,098 shares of the investment management company’s stock worth $11,036,000 after buying an additional 130,100 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. grew its holdings in Blackrock Resources & Commodities Strategy Trust by 59.8% during the third quarter. City of London Investment Management Co. Ltd. now owns 371,895 shares of the investment management company’s stock valued at $3,782,000 after purchasing an additional 139,234 shares during 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.