October 1, 2017 – By Adrian Mccoy
Sentiment for Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)
Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) institutional sentiment decreased to 1.37 in 2017 Q2. Its down -0.10, from 1.47 in 2017Q1. The ratio dropped, as 41 investment managers started new or increased equity positions, while 30 cut down and sold positions in Blackrock Resources & Commodities Strategy Trust. The investment managers in our partner’s database reported: 35.33 million shares, down from 35.56 million shares in 2017Q1. Also, the number of investment managers holding Blackrock Resources & Commodities Strategy Trust in their top 10 equity positions decreased from 3 to 1 for a decrease of 2. Sold All: 8 Reduced: 22 Increased: 24 New Position: 17.
BlackRock Resources & Commodities Strategy Trust is a non-diversified, closed-end management investment company. The company has market cap of $872.45 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.
The stock increased 0.11% or $0.01 on September 29, reaching $8.89. About 311,185 shares traded or 29.47% up from the average. BlackRock Resources and Commodities (NYSE:BCX) has risen 13.36% since October 1, 2016 and is uptrending. It has underperformed by 3.34% the S&P500.
Penn Mutual Life Insurance Co holds 4.33% of its portfolio in BlackRock Resources and Commodities for 616,000 shares. 1607 Capital Partners Llc owns 6.02 million shares or 2.88% of their US portfolio. Moreover, Cornerstone Advisors Inc has 2.09% invested in the company for 1.42 million shares. The California-based Knightsbridge Asset Management Llc has invested 1.33% in the stock. Oxbow Advisors Llc, a Texas-based fund reported 463,194 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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