July 24, 2017 – By Richard Conner
Sentiment for Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)
Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) institutional sentiment increased to 1.78 in Q4 2016. Its up 0.72, from 1.06 in 2016Q3. The ratio has improved, as 41 institutional investors increased and started new stock positions, while 23 sold and decreased their stakes in Blackrock Resources & Commodities Strategy Trust. The institutional investors in our partner’s database reported: 33.50 million shares, up from 29.79 million shares in 2016Q3. Also, the number of institutional investors holding Blackrock Resources & Commodities Strategy Trust in their top 10 stock positions increased from 2 to 3 for an increase of 1. Sold All: 8 Reduced: 15 Increased: 26 New Position: 15.
BlackRock Resources & Commodities Strategy Trust is a non-diversified, closed-end management investment company. The company has market cap of $823.38 million. The Trust’s primary investment objective is to seek high current income and current gains, with a secondary objective of capital appreciation. It currently has negative earnings. 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.
About 122,197 shares traded. BlackRock Resources and Commodities (NYSE:BCX) has risen 13.36% since July 24, 2016 and is uptrending. It has underperformed by 3.34% the S&P500.
Knightsbridge Asset Management Llc holds 6.43% of its portfolio in BlackRock Resources and Commodities for 833,882 shares. Penn Mutual Life Insurance Co owns 526,000 shares or 3.56% of their US portfolio. Moreover, 1607 Capital Partners Llc has 3.45% invested in the company for 6.16 million shares. The Alabama-based Cornerstone Advisors Inc has invested 2.3% in the stock. Oxbow Advisors Llc, a Texas-based fund reported 460,570 shares.#img1#
More news for BlackRock Resources and Commodities (NYSE:BCX) were recently published by: Seekingalpha.com, which released: “A Conservative Way To Invest In An Energy Rebound” on January 20, 2015. Marketwatch.com‘s article titled: “BlackRock Resources & Commodities Strategy Trust” and published on May 15, 2011 is yet another important article.
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