Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Position Boosted by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC lifted its stake in shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) by 51.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 962,498 shares of the investment management company’s stock after purchasing an additional 327,507 shares during the period. Rivernorth Capital Management LLC’s holdings in Blackrock Resources & Commodities Strategy Trust were worth $9,240,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of BCX. Cetera Advisors LLC bought a new position in shares of Blackrock Resources & Commodities Strategy Trust during the first quarter worth about $100,000. Sigma Planning Corp bought a new position in shares of Blackrock Resources & Commodities Strategy Trust during the third quarter worth about $104,000. Creekside Partners bought a new position in shares of Blackrock Resources & Commodities Strategy Trust during the second quarter worth about $119,000. Choreo LLC bought a new position in shares of Blackrock Resources & Commodities Strategy Trust during the second quarter worth about $123,000. Finally, Comerica Bank lifted its holdings in Blackrock Resources & Commodities Strategy Trust by 10.1% in the first quarter. Comerica Bank now owns 15,920 shares of the investment management company’s stock worth $145,000 after acquiring an additional 1,466 shares during the last quarter.

Blackrock Resources & Commodities Strategy Trust Price Performance

Shares of NYSE BCX opened at $9.32 on Thursday. The firm’s 50-day moving average price is $9.42 and its two-hundred day moving average price is $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 Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 16th will be issued a $0.0697 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.84 dividend on an annualized basis and a yield of 8.97%.

Blackrock Resources & Commodities Strategy Trust Company 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.