Moors & Cabot Inc. Sells 13,359 Shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)

Moors & Cabot Inc. decreased its position in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) by 34.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,489 shares of the investment management company’s stock after selling 13,359 shares during the period. Moors & Cabot Inc.’s holdings in Blackrock Resources & Commodities Strategy Trust were worth $231,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC boosted its stake in Blackrock Resources & Commodities Strategy Trust by 11.3% in the 1st quarter. Lazard Asset Management LLC now owns 2,528,844 shares of the investment management company’s stock worth $27,918,000 after purchasing an additional 256,075 shares in the last quarter. Ameriprise Financial Inc. raised its position in Blackrock Resources & Commodities Strategy Trust by 8.8% in the 1st quarter. Ameriprise Financial Inc. now owns 2,069,041 shares of the investment management company’s stock worth $19,727,000 after buying an additional 167,409 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Blackrock Resources & Commodities Strategy Trust by 15.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,365,944 shares of the investment management company’s stock worth $12,389,000 after buying an additional 180,185 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Blackrock Resources & Commodities Strategy Trust by 0.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,109,670 shares of the investment management company’s stock worth $10,586,000 after buying an additional 10,384 shares during the last quarter. Finally, Royal Bank of Canada raised its position in Blackrock Resources & Commodities Strategy Trust by 4.3% in the 1st quarter. Royal Bank of Canada now owns 993,069 shares of the investment management company’s stock worth $10,964,000 after buying an additional 41,012 shares during the last quarter.

Blackrock Resources & Commodities Strategy Trust Price Performance

Shares of NYSE:BCX opened at $8.89 on Tuesday. Blackrock Resources & Commodities Strategy Trust has a fifty-two week low of $8.43 and a fifty-two week high of $10.59. The business has a 50-day simple moving average of $8.93 and a two-hundred day simple moving average of $9.14.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be given a $0.0518 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date is Tuesday, November 14th.

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.