Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Stock Crosses Above 50 Day Moving Average – Here’s Why

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.12 and traded as high as $9.36. Blackrock Resources & Commodities Strategy Trust shares last traded at $9.32, with a volume of 292,044 shares traded.

Blackrock Resources & Commodities Strategy Trust Price Performance

The company has a fifty day moving average price of $9.12 and a two-hundred day moving average price of $9.19.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.0697 dividend. This represents a $0.84 annualized dividend and a dividend yield of 8.93%. The ex-dividend date was Friday, March 14th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Calamos Advisors LLC lifted its position in Blackrock Resources & Commodities Strategy Trust by 11.9% during the fourth quarter. Calamos Advisors LLC now owns 29,328 shares of the investment management company’s stock valued at $250,000 after buying an additional 3,127 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Blackrock Resources & Commodities Strategy Trust by 21.4% during the 4th quarter. HighTower Advisors LLC now owns 18,285 shares of the investment management company’s stock valued at $156,000 after acquiring an additional 3,224 shares in the last quarter. Curio Wealth LLC bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the 4th quarter worth approximately $28,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Blackrock Resources & Commodities Strategy Trust during the third quarter worth approximately $35,000. Finally, Samalin Investment Counsel LLC increased 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 valued at $538,000 after acquiring an additional 3,782 shares during the period.

Blackrock Resources & Commodities Strategy Trust Company Profile

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.