Canal Insurance CO held its stake in shares of BlackRock Resources and Commodities (NYSE:BCX) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 200,000 shares of the investment management company’s stock at the end of the second quarter. Canal Insurance CO’s holdings in BlackRock Resources and Commodities were worth $1,602,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its stake in shares of BlackRock Resources and Commodities by 27.2% in the second quarter. Advisors Asset Management Inc. now owns 681,564 shares of the investment management company’s stock worth $5,459,000 after buying an additional 145,807 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of BlackRock Resources and Commodities by 37.5% in the second quarter. Stratos Wealth Partners LTD. now owns 194,049 shares of the investment management company’s stock worth $1,554,000 after buying an additional 52,930 shares during the last quarter. Peak Asset Management LLC boosted its stake in shares of BlackRock Resources and Commodities by 37.2% in the second quarter. Peak Asset Management LLC now owns 66,852 shares of the investment management company’s stock worth $535,000 after buying an additional 18,124 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of BlackRock Resources and Commodities by 8.8% in the second quarter. IFP Advisors Inc now owns 23,033 shares of the investment management company’s stock worth $184,000 after buying an additional 1,869 shares during the last quarter.
Shares of BlackRock Resources and Commodities (NYSE BCX) opened at 8.25 on Friday. The stock has a 50 day moving average of $8.38 and a 200-day moving average of $8.44. BlackRock Resources and Commodities has a 52 week low of $7.63 and a 52 week high of $8.99.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be issued a $0.0516 dividend. This represents a $0.62 annualized dividend and a dividend yield of 7.51%. The ex-dividend date of this dividend is Friday, August 11th.
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BlackRock Resources and Commodities Company Profile
BlackRock Resources & Commodities Strategy Trust is a non-diversified, closed-end management investment company. The Trust’s primary investment objective is to seek high current income and current gains, with a secondary objective of capital appreciation. It will seek to achieve its investment objectives, under normal market conditions, by investing at least 80% of its total assets in equity securities issued by commodity or natural resources companies, derivatives with exposure to commodity or natural resources companies or investments in securities and derivatives linked to the underlying price movement of commodities or natural resources.
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