Sit Investment Associates Inc. Cuts Stock Position in BlackRock Core Bond Trust $BHK

Sit Investment Associates Inc. trimmed its position in BlackRock Core Bond Trust (NYSE:BHK) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,637,573 shares of the investment management company’s stock after selling 151,611 shares during the quarter. BlackRock Core Bond Trust accounts for approximately 2.0% of Sit Investment Associates Inc.’s holdings, making the stock its 7th biggest holding. Sit Investment Associates Inc.’s holdings in BlackRock Core Bond Trust were worth $102,014,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BHK. UBS Group AG grew its holdings in BlackRock Core Bond Trust by 8.1% in the 3rd quarter. UBS Group AG now owns 1,352,965 shares of the investment management company’s stock worth $13,448,000 after acquiring an additional 101,636 shares during the last quarter. Invesco Ltd. increased its position in shares of BlackRock Core Bond Trust by 88.0% in the third quarter. Invesco Ltd. now owns 888,549 shares of the investment management company’s stock valued at $8,832,000 after acquiring an additional 415,911 shares during the period. Polar Asset Management Partners Inc. raised its stake in shares of BlackRock Core Bond Trust by 2.3% during the third quarter. Polar Asset Management Partners Inc. now owns 790,271 shares of the investment management company’s stock valued at $7,855,000 after acquiring an additional 17,999 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of BlackRock Core Bond Trust during the second quarter worth about $7,163,000. Finally, Bank of America Corp DE boosted its holdings in shares of BlackRock Core Bond Trust by 8.2% during the third quarter. Bank of America Corp DE now owns 411,242 shares of the investment management company’s stock worth $4,088,000 after purchasing an additional 31,127 shares during the period.

BlackRock Core Bond Trust Price Performance

NYSE BHK opened at $8.99 on Friday. BlackRock Core Bond Trust has a 1 year low of $8.69 and a 1 year high of $10.12. The business’s 50-day moving average is $9.09 and its 200 day moving average is $9.35.

BlackRock Core Bond Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.0746 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date is Tuesday, September 15th.

BlackRock Core Bond Trust Profile

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.