Oppenheimer & Co. Inc. raised its stake in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX – Free Report) by 6.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,207 shares of the investment management company’s stock after purchasing an additional 6,701 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Blackrock Resources & Commodities Strategy Trust were worth $1,001,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in BCX. Allspring Global Investments Holdings LLC raised its position in Blackrock Resources & Commodities Strategy Trust by 41.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,883,061 shares of the investment management company’s stock valued at $16,722,000 after purchasing an additional 550,047 shares during the period. International Assets Investment Management LLC raised its position in Blackrock Resources & Commodities Strategy Trust by 788.4% in the fourth quarter. International Assets Investment Management LLC now owns 456,329 shares of the investment management company’s stock valued at $40,520,000 after purchasing an additional 404,962 shares during the period. Twin Focus Capital Partners LLC purchased a new position in Blackrock Resources & Commodities Strategy Trust in the fourth quarter valued at about $1,220,000. Quantedge Capital Pte Ltd increased its position in shares of Blackrock Resources & Commodities Strategy Trust by 146.5% during the fourth quarter. Quantedge Capital Pte Ltd now owns 169,763 shares of the investment management company’s stock worth $1,507,000 after acquiring an additional 100,900 shares during the last quarter. Finally, 180 Wealth Advisors LLC increased its position in shares of Blackrock Resources & Commodities Strategy Trust by 30.3% during the first quarter. 180 Wealth Advisors LLC now owns 410,765 shares of the investment management company’s stock worth $3,730,000 after acquiring an additional 95,452 shares during the last quarter.
Blackrock Resources & Commodities Strategy Trust Stock Up 0.7 %
Shares of NYSE BCX opened at $9.39 on Tuesday. Blackrock Resources & Commodities Strategy Trust has a 1 year low of $8.25 and a 1 year high of $9.87. The stock’s 50-day simple moving average is $9.26 and its 200-day simple moving average is $8.97.
Blackrock Resources & Commodities Strategy Trust Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be given a dividend of $0.0518 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date is Monday, July 15th.
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.
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