Coastal Investment Advisors Inc. Has $246,000 Stake in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)

Coastal Investment Advisors Inc. lifted its stake in shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) by 11.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 27,085 shares of the investment management company’s stock after buying an additional 2,789 shares during the period. Coastal Investment Advisors Inc.’s holdings in Blackrock Resources & Commodities Strategy Trust were worth $246,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Claro Advisors LLC grew its position in shares of Blackrock Resources & Commodities Strategy Trust by 6.3% during the 2nd quarter. Claro Advisors LLC now owns 63,624 shares of the investment management company’s stock worth $577,000 after buying an additional 3,793 shares during the period. Wolverine Asset Management LLC grew its position in Blackrock Resources & Commodities Strategy Trust by 10.1% in the 2nd quarter. Wolverine Asset Management LLC now owns 399,998 shares of the investment management company’s stock valued at $3,628,000 after purchasing an additional 36,651 shares during the period. Atria Wealth Solutions Inc. grew its position in Blackrock Resources & Commodities Strategy Trust by 12.9% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 96,079 shares of the investment management company’s stock valued at $871,000 after purchasing an additional 10,949 shares during the period. Samalin Investment Counsel LLC grew its position in Blackrock Resources & Commodities Strategy Trust by 72.3% in the 2nd quarter. Samalin Investment Counsel LLC now owns 21,859 shares of the investment management company’s stock valued at $198,000 after purchasing an additional 9,170 shares during the period. Finally, WNY Asset Management LLC acquired a new stake in Blackrock Resources & Commodities Strategy Trust in the 2nd quarter valued at $146,000.

Blackrock Resources & Commodities Strategy Trust Price Performance

NYSE BCX opened at $8.66 on Wednesday. The company has a fifty day simple moving average of $8.98 and a 200 day simple moving average of $9.16. Blackrock Resources & Commodities Strategy Trust has a 12-month low of $8.43 and a 12-month high of $10.59.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be given a $0.0518 dividend. This represents a $0.62 annualized dividend and a yield of 7.18%. The ex-dividend date of this dividend is Tuesday, November 14th.

Blackrock Resources & Commodities Strategy Trust Profile

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.