Baird Financial Group Inc. Lowers Holdings in BlackRock Resources and Commodities (BCX)

Baird Financial Group Inc. reduced its holdings in shares of BlackRock Resources and Commodities (NYSE:BCX) by 10.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 53,814 shares of the investment management company’s stock after selling 6,300 shares during the period. Baird Financial Group Inc. owned approximately 0.05% of BlackRock Resources and Commodities worth $478,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Capital Wealth Advisors purchased a new position in BlackRock Resources and Commodities during the 4th quarter worth $184,000. LPL Financial LLC boosted its holdings in shares of BlackRock Resources and Commodities by 37.7% in the fourth quarter. LPL Financial LLC now owns 27,313 shares of the investment management company’s stock valued at $267,000 after acquiring an additional 7,475 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of BlackRock Resources and Commodities by 10.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 77,583 shares of the investment management company’s stock valued at $757,000 after acquiring an additional 7,172 shares in the last quarter. Peak Asset Management LLC boosted its holdings in shares of BlackRock Resources and Commodities by 10.0% in the fourth quarter. Peak Asset Management LLC now owns 77,631 shares of the investment management company’s stock valued at $758,000 after acquiring an additional 7,089 shares in the last quarter. Finally, BB&T Securities LLC boosted its holdings in shares of BlackRock Resources and Commodities by 17.5% in the fourth quarter. BB&T Securities LLC now owns 83,080 shares of the investment management company’s stock valued at $811,000 after acquiring an additional 12,358 shares in the last quarter.

Shares of NYSE:BCX opened at $9.29 on Friday. BlackRock Resources and Commodities has a fifty-two week low of $7.81 and a fifty-two week high of $10.50.

The company also recently announced a monthly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a $0.0516 dividend. This represents a $0.62 annualized dividend and a dividend yield of 6.67%. The ex-dividend date of this dividend is Thursday, June 14th.

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.

Institutional Ownership by Quarter for BlackRock Resources and Commodities (NYSE:BCX)

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