Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Shares Cross Below 200 Day Moving Average – What’s Next?

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.11 and traded as low as $8.67. Blackrock Resources & Commodities Strategy Trust shares last traded at $8.75, with a volume of 189,981 shares trading hands.

Blackrock Resources & Commodities Strategy Trust Stock Performance

The firm has a 50 day simple moving average of $8.97 and a two-hundred day simple moving average of $9.11.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $0.0697 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.56%. The ex-dividend date is Tuesday, April 15th.

Institutional Investors Weigh In On Blackrock Resources & Commodities Strategy Trust

A number of institutional investors have recently added to or reduced their stakes in BCX. HighTower Advisors LLC purchased a new position in shares of Blackrock Resources & Commodities Strategy Trust in the 3rd quarter worth approximately $145,000. PNC Financial Services Group Inc. purchased a new position in Blackrock Resources & Commodities Strategy Trust in the fourth quarter worth $234,000. Stephens Inc. AR grew its stake in Blackrock Resources & Commodities Strategy Trust by 36.5% in the 4th quarter. Stephens Inc. AR now owns 49,409 shares of the investment management company’s stock valued at $422,000 after purchasing an additional 13,225 shares during the period. Thrivent Financial for Lutherans purchased a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the 4th quarter valued at $111,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the 4th quarter worth $7,951,000.

About Blackrock Resources & Commodities Strategy Trust

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.