Wells Fargo Amends BlackRock Resources & Commodities Trust Stake

TL;DR

**Wells Fargo just updated its BlackRock Resources & Commodities Trust holdings, watch for market reaction.**

AI Summary

Wells Fargo & Company filed an amended SC 13G/A on February 6, 2024, updating its beneficial ownership in BlackRock Resources & Commodities Strategy Trust as of December 31, 2023. This amendment, number 10, indicates a change in Wells Fargo's holdings of the Closed-End Fund's securities, which could signal a shift in their investment strategy or outlook on the commodities sector. For investors, this matters because large institutional ownership changes can influence stock price and reflect a major player's confidence (or lack thereof) in the fund's future performance.

Why It Matters

This filing shows Wells Fargo's updated position in BlackRock Resources & Commodities Strategy Trust, which can signal institutional sentiment towards the fund and the broader commodities market.

Risk Assessment

Risk Level: low — This filing is a routine update of beneficial ownership and does not inherently present significant new risks.

Analyst Insight

Investors should review the full filing to understand the specific change in Wells Fargo's beneficial ownership (e.g., increase or decrease in shares) to gauge institutional sentiment towards BlackRock Resources & Commodities Strategy Trust and the broader commodities market.

Key Numbers

• 09257A108 — CUSIP Number (identifies the BlackRock Resources & Commodities Strategy Trust securities)
• 10 — Amendment Number (indicates this is the tenth amendment to Wells Fargo's SC 13G filing for this security)
• 41-0449260 — Tax ID (identifies Wells Fargo & Company)

Key Players & Entities

• Wells Fargo & Company (company) — the reporting person filing the SC 13G/A
• BlackRock Resources & Commodities Strategy Trust (company) — the subject company in which Wells Fargo holds securities
• Delaware (place) — state of incorporation for Wells Fargo & Company
• December 31, 2023 (date) — the date of the event requiring the filing
• February 6, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Wells Fargo's updated stake could signal a shift in institutional interest in the commodities sector. (BlackRock Resources & Commodities Strategy Trust) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• wf_blackrockres_09257A108.htm (SC 13G/A) — 17KB
• 0000072971-24-000042.txt ( ) — 19KB

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 5,075,835 (b) Percent of class: 6.0% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 5,075,835 (iv) Shared power to dispose or to direct the disposition of: 0

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [].

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. See Exhibit B

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group Not applicable.

Certification

Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 6, 2024 WELLS FARGO & COMPANY /s/ Patricia Arce Signature Patricia Arce, Designated Signer Name/Title Exhibit A EXPLANATORY NOTE This Schedule 13G is filed by Wells Fargo & Company on its own behalf and on behalf of any subsidiaries listed in Exhibit B. Aggregate beneficial ownership reported by Wells Fargo & Company under Item 9 on page 2 is on a consolidated basis and includes any beneficial ownership separately reported herein by a subsidiary. Exhibit B The Schedule 13G to which this attachment is appended is filed by Wells Fargo & Company on behalf of the following subsidiaries: Wells Fargo Advisors Financial Network, LLC (1) Wells Fargo Clearing Services, LLC (1) (1) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78c)

View Full Filing

View this SC 13G/A filing on SEC EDGAR