Ionic Capital Management LLC Invests $710,000 in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)

Ionic Capital Management LLC acquired a new position in shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 73,970 shares of the investment management company’s stock, valued at approximately $710,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in shares of Blackrock Resources & Commodities Strategy Trust by 860.3% during the third quarter. International Assets Investment Management LLC now owns 517,271 shares of the investment management company’s stock worth $53,882,000 after acquiring an additional 463,405 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Blackrock Resources & Commodities Strategy Trust by 19.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,498,989 shares of the investment management company’s stock worth $22,966,000 after buying an additional 409,593 shares during the period. Pathstone Holdings LLC boosted its stake in Blackrock Resources & Commodities Strategy Trust by 58.2% in the third quarter. Pathstone Holdings LLC now owns 779,152 shares of the investment management company’s stock valued at $7,482,000 after acquiring an additional 286,553 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Blackrock Resources & Commodities Strategy Trust during the second quarter worth about $1,632,000. Finally, Wolverine Asset Management LLC boosted its position in shares of Blackrock Resources & Commodities Strategy Trust by 4,803.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 147,310 shares of the investment management company’s stock worth $1,414,000 after buying an additional 144,306 shares in the last quarter.

Blackrock Resources & Commodities Strategy Trust Price Performance

Blackrock Resources & Commodities Strategy Trust stock opened at $9.31 on Tuesday. The firm has a fifty day moving average of $9.43 and a 200-day moving average of $9.27. Blackrock Resources & Commodities Strategy Trust has a 52-week low of $8.25 and a 52-week high of $9.74.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 16th will be paid a dividend of $0.0697 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.98%. The ex-dividend date is Monday, December 16th.

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.