Sit Investment Associates Inc. Acquires 407,467 Shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)

Sit Investment Associates Inc. raised its holdings in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) by 53.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,172,521 shares of the investment management company’s stock after buying an additional 407,467 shares during the quarter. Sit Investment Associates Inc.’s holdings in Blackrock Resources & Commodities Strategy Trust were worth $10,013,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in BCX. Calamos Advisors LLC lifted its stake in Blackrock Resources & Commodities Strategy Trust by 11.9% in the fourth quarter. Calamos Advisors LLC now owns 29,328 shares of the investment management company’s stock worth $250,000 after acquiring an additional 3,127 shares during the period. HighTower Advisors LLC raised its holdings in Blackrock Resources & Commodities Strategy Trust by 21.4% in the 4th quarter. HighTower Advisors LLC now owns 18,285 shares of the investment management company’s stock worth $156,000 after purchasing an additional 3,224 shares in the last quarter. Curio Wealth LLC purchased a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the 4th quarter worth about $28,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the 3rd quarter valued at about $35,000. Finally, Samalin Investment Counsel LLC grew its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 6.4% during the 4th quarter. Samalin Investment Counsel LLC now owns 62,948 shares of the investment management company’s stock worth $538,000 after acquiring an additional 3,782 shares during the period.

Blackrock Resources & Commodities Strategy Trust Trading Down 8.0 %

BCX opened at $8.29 on Friday. The stock has a fifty day simple moving average of $9.11 and a two-hundred day simple moving average of $9.18. Blackrock Resources & Commodities Strategy Trust has a 12-month low of $8.25 and a 12-month high of $9.74.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $0.0697 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 10.10%. The ex-dividend date of this dividend is Tuesday, April 15th.

Blackrock Resources & Commodities Strategy Trust 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.