Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) passed above its 50-day moving average during trading on Monday . The stock has a 50-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 changing hands.

Blackrock Resources & Commodities Strategy Trust Stock Performance

The company’s 50 day moving average is $9.12 and its 200 day moving average is $9.19.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.0697 per share. This represents a $0.84 dividend on an annualized basis and a yield of 8.97%. The ex-dividend date of this dividend was Friday, March 14th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC purchased a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the 3rd quarter worth approximately $145,000. PNC Financial Services Group Inc. purchased a new stake in Blackrock Resources & Commodities Strategy Trust during the fourth quarter worth $234,000. Stephens Inc. AR grew its holdings in Blackrock Resources & Commodities Strategy Trust by 36.5% in the fourth 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 last quarter. Rivernorth Capital Management LLC increased its position in shares of Blackrock Resources & Commodities Strategy Trust by 51.6% in the third quarter. Rivernorth Capital Management LLC now owns 962,498 shares of the investment management company’s stock valued at $9,240,000 after buying an additional 327,507 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position 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.