Peak Asset Management LLC raised its position in shares of BlackRock Resources and Commodities (NYSE:BCX) by 37.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,852 shares of the investment management company’s stock after buying an additional 18,124 shares during the period. Peak Asset Management LLC’s holdings in BlackRock Resources and Commodities were worth $535,000 as of its most recent filing with the SEC.
Separately, IFP Advisors Inc increased 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 in the last quarter.
Shares of BlackRock Resources and Commodities (NYSE BCX) opened at 8.60 on Friday. The firm has a 50 day moving average price of $8.21 and a 200-day moving average price of $8.46. BlackRock Resources and Commodities has a one year low of $7.63 and a one year high of $8.99.
The firm also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.0516 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.62 dividend on an annualized basis and a yield of 7.20%.
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About BlackRock Resources and Commodities
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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