Wells Fargo & Company MN Raises Position in BlackRock Resources and Commodities (BCX)

Wells Fargo & Company MN grew its position in shares of BlackRock Resources and Commodities (NYSE:BCX) by 12.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,612,008 shares of the investment management company’s stock after purchasing an additional 852,775 shares during the quarter. Wells Fargo & Company MN’s holdings in BlackRock Resources and Commodities were worth $60,972,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc lifted 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 acquiring an additional 1,869 shares during the period. Stockman Wealth Management Inc. lifted its stake in shares of BlackRock Resources and Commodities by 164.2% in the second quarter. Stockman Wealth Management Inc. now owns 27,500 shares of the investment management company’s stock worth $220,000 after acquiring an additional 17,091 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of BlackRock Resources and Commodities by 58.9% in the second quarter. Oppenheimer & Co. Inc. now owns 44,748 shares of the investment management company’s stock worth $359,000 after acquiring an additional 16,585 shares during the period. Peak Asset Management LLC increased its holdings in BlackRock Resources and Commodities by 37.2% in the second quarter. Peak Asset Management LLC now owns 66,852 shares of the investment management company’s stock worth $535,000 after purchasing an additional 18,124 shares in the last quarter. Finally, BB&T Securities LLC increased its holdings in BlackRock Resources and Commodities by 18.2% in the second quarter. BB&T Securities LLC now owns 67,186 shares of the investment management company’s stock worth $538,000 after purchasing an additional 10,327 shares in the last quarter.

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Shares of BlackRock Resources and Commodities (BCX) traded up 0.11% during midday trading on Friday, reaching $8.89. The company’s stock had a trading volume of 311,185 shares. BlackRock Resources and Commodities has a 12-month low of $7.63 and a 12-month high of $8.99. The company’s 50-day moving average price is $8.57 and its 200 day moving average price is $8.42.

The company also recently announced a monthly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a dividend of $0.0516 per share. This represents a $0.62 annualized dividend and a dividend yield of 6.97%. The ex-dividend date of this dividend was Thursday, September 14th.

BlackRock Resources and Commodities 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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