Transcend Capital Advisors LLC Raises Position in Blackrock Resources & Commodities Strategy Trust $BCX

Transcend Capital Advisors LLC grew its stake in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) by 522.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,078 shares of the investment management company’s stock after purchasing an additional 176,305 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Blackrock Resources & Commodities Strategy Trust were worth $2,376,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Allied Private Wealth LLC purchased a new stake in Blackrock Resources & Commodities Strategy Trust in the 2nd quarter valued at $28,000. IFP Advisors Inc purchased a new position in Blackrock Resources & Commodities Strategy Trust during the 4th quarter worth $30,000. Advocate Investing Services LLC purchased a new position in Blackrock Resources & Commodities Strategy Trust during the 4th quarter worth $35,000. Harbour Investments Inc. bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the 4th quarter worth $43,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Blackrock Resources & Commodities Strategy Trust by 431.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,442 shares of the investment management company’s stock worth $69,000 after acquiring an additional 6,041 shares in the last quarter.

Blackrock Resources & Commodities Strategy Trust Trading Up 0.5%

Shares of BCX stock opened at $12.66 on Friday. The firm has a 50-day moving average of $11.67 and a 200-day moving average of $12.13. Blackrock Resources & Commodities Strategy Trust has a one year low of $9.53 and a one year high of $13.86.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

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

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.