Raymond James Financial Inc. Takes $7.95 Million Position in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)

Raymond James Financial Inc. acquired a new position in shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 931,085 shares of the investment management company’s stock, valued at approximately $7,951,000.

Other large investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC bought a new position in Blackrock Resources & Commodities Strategy Trust during the third quarter worth $145,000. Stephens Inc. AR lifted its stake in Blackrock Resources & Commodities Strategy Trust by 36.5% during the fourth quarter. Stephens Inc. AR now owns 49,409 shares of the investment management company’s stock worth $422,000 after purchasing an additional 13,225 shares during the last quarter. Rivernorth Capital Management LLC lifted its stake in Blackrock Resources & Commodities Strategy Trust by 51.6% during the third quarter. Rivernorth Capital Management LLC now owns 962,498 shares of the investment management company’s stock worth $9,240,000 after purchasing an additional 327,507 shares during the last quarter. Ionic Capital Management LLC bought a new position in Blackrock Resources & Commodities Strategy Trust during the third quarter worth $710,000. Finally, Wolverine Asset Management LLC lifted its stake in Blackrock Resources & Commodities Strategy Trust by 8.7% during the fourth quarter. Wolverine Asset Management LLC now owns 160,125 shares of the investment management company’s stock worth $1,367,000 after purchasing an additional 12,815 shares during the last quarter.

Blackrock Resources & Commodities Strategy Trust Stock Performance

Shares of BCX opened at $9.31 on Friday. The business’s fifty day moving average price is $9.10 and its 200 day moving average price is $9.17. Blackrock Resources & Commodities Strategy Trust has a 12-month low of $8.41 and a 12-month high of $9.74.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.0697 per share. This represents a $0.84 annualized dividend and a yield of 8.99%. The ex-dividend date of this dividend is Friday, March 14th.

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.