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

Shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.

Blackrock Resources & Commodities Strategy Trust Stock Performance

The business’s 50 day simple moving average is $12.17 and its 200 day simple moving average is $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. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0697 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 7.2%.

Institutional Trading of Blackrock Resources & Commodities Strategy Trust

A number of hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in shares of 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 purchasing an additional 193,587 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of 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 purchasing an additional 234,538 shares in the last quarter. UBS Group AG lifted its position in shares of 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 purchasing an additional 50,706 shares in the last quarter. 180 Wealth Advisors LLC lifted its position in shares of 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 purchasing an additional 130,100 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. lifted its position in shares of Blackrock Resources & Commodities Strategy Trust by 59.8% in the third quarter. City of London Investment Management Co. Ltd. now owns 371,895 shares of the investment management company’s stock worth $3,782,000 after purchasing an additional 139,234 shares in the last quarter.

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.