PNC Financial Services Group Inc. Makes New $234,000 Investment in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX)

PNC Financial Services Group Inc. bought a new position in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 27,384 shares of the investment management company’s stock, valued at approximately $234,000.

A number of other hedge funds have also bought and sold shares of BCX. Wilmington Savings Fund Society FSB purchased a new position in Blackrock Resources & Commodities Strategy Trust in the 3rd quarter worth about $35,000. Virtu Financial LLC purchased a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the 3rd quarter valued at about $99,000. Tallon Kerry Patrick purchased a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the 4th quarter valued at about $120,000. Valued Retirements Inc. purchased a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the 3rd quarter valued at about $142,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the 3rd quarter valued at about $145,000.

Blackrock Resources & Commodities Strategy Trust Stock Down 1.3 %

NYSE BCX opened at $9.31 on Friday. Blackrock Resources & Commodities Strategy Trust has a 52 week low of $8.41 and a 52 week high of $9.74. The company has a 50-day moving average price of $9.10 and a 200-day moving average price of $9.17.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.0697 per share. This represents a $0.84 annualized dividend and a dividend yield of 8.99%. The ex-dividend date of this dividend is Friday, March 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.