NINE MASTS CAPITAL Ltd lowered its position in shares of BlackRock Resources and Commodities (NYSE:BCX) by 36.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 129,400 shares of the investment management company’s stock after selling 74,700 shares during the quarter. NINE MASTS CAPITAL Ltd’s holdings in BlackRock Resources and Commodities were worth $1,174,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in BCX. Millennium Management LLC acquired a new stake in BlackRock Resources and Commodities during the first quarter valued at approximately $466,000. Raymond James Financial Services Advisors Inc. raised its stake in BlackRock Resources and Commodities by 10.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 379,682 shares of the investment management company’s stock valued at $3,527,000 after buying an additional 34,586 shares in the last quarter. Marathon Capital Management raised its stake in BlackRock Resources and Commodities by 150.2% during the second quarter. Marathon Capital Management now owns 107,327 shares of the investment management company’s stock valued at $997,000 after buying an additional 64,431 shares in the last quarter. Brand Asset Management Group Inc. acquired a new stake in BlackRock Resources and Commodities during the second quarter valued at approximately $230,000. Finally, Lincoln National Corp raised its stake in BlackRock Resources and Commodities by 58.7% during the second quarter. Lincoln National Corp now owns 21,636 shares of the investment management company’s stock valued at $201,000 after buying an additional 8,003 shares in the last quarter.
NYSE BCX traded down $0.17 on Thursday, hitting $7.58. 74,014 shares of the stock traded hands, compared to its average volume of 320,446. BlackRock Resources and Commodities has a twelve month low of $7.49 and a twelve month high of $10.50.
The company also recently disclosed a monthly dividend, which was paid on Friday, November 30th. Shareholders of record on Thursday, November 15th were paid a dividend of $0.052 per share. This represents a $0.62 annualized dividend and a yield of 8.23%. The ex-dividend date was Wednesday, November 14th.
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About BlackRock Resources and Commodities
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.
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