BlackRock Core Bond Trust (NYSE:BHK – Get Free Report) declared a monthly dividend on Friday, June 5th. Investors of record on Wednesday, July 15th will be paid a dividend of 0.0746 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend is Wednesday, July 15th.
BlackRock Core Bond Trust Stock Performance
BHK opened at $9.03 on Monday. The stock’s 50 day simple moving average is $9.01 and its 200-day simple moving average is $9.28. BlackRock Core Bond Trust has a 1 year low of $8.69 and a 1 year high of $10.12.
Institutional Investors Weigh In On BlackRock Core Bond Trust
Several large investors have recently modified their holdings of the stock. Turim 21 Investimentos Ltda. bought a new stake in BlackRock Core Bond Trust in the third quarter valued at $31,000. Kestra Advisory Services LLC bought a new position in shares of BlackRock Core Bond Trust in the fourth quarter worth about $34,000. Axiom Investment Management LLC bought a new position in BlackRock Core Bond Trust in the 1st quarter worth approximately $35,000. CIBC Private Wealth Group LLC acquired a new stake in BlackRock Core Bond Trust in the fourth quarter worth about $37,000. Finally, PNC Financial Services Group Inc. lifted its position in BlackRock Core Bond Trust by 120.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,488 shares of the investment management company’s stock valued at $50,000 after purchasing an additional 3,000 shares during the period.
About BlackRock Core Bond Trust
BlackRock Core Bond Trust (NYSE: BHK) is a closed-end management investment company that seeks to provide shareholders with a high level of current income, consistent with the preservation of capital. The trust primarily invests in a diversified portfolio of investment-grade fixed-income securities, including U.S. government and agency obligations, corporate bonds, mortgage- and asset-backed securities, and other debt instruments. The fund may employ leverage to enhance its income-generating potential.
Since its inception in 2008, BHK has been managed by a dedicated team of fixed-income professionals at BlackRock Advisors, drawing on the firm’s global research capabilities and risk-management platform.
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