First Trust Advisors LP Has $2.15 Million Stock Position in BlackRock Core Bond Trust $BHK

First Trust Advisors LP lifted its position in BlackRock Core Bond Trust (NYSE:BHK) by 130.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 234,502 shares of the investment management company’s stock after buying an additional 132,527 shares during the period. First Trust Advisors LP’s holdings in BlackRock Core Bond Trust were worth $2,148,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BHK. Balyasny Asset Management L.P. bought a new position in BlackRock Core Bond Trust during the second quarter worth about $7,163,000. Rivernorth Capital Management LLC bought a new stake in shares of BlackRock Core Bond Trust in the fourth quarter worth about $4,777,000. 1607 Capital Partners LLC bought a new stake in shares of BlackRock Core Bond Trust in the fourth quarter worth about $4,355,000. Invesco Ltd. raised its position in shares of BlackRock Core Bond Trust by 88.0% during the third quarter. Invesco Ltd. now owns 888,549 shares of the investment management company’s stock worth $8,832,000 after purchasing an additional 415,911 shares during the period. Finally, Landscape Capital Management L.L.C. raised its position in shares of BlackRock Core Bond Trust by 1,020.5% during the third quarter. Landscape Capital Management L.L.C. now owns 248,245 shares of the investment management company’s stock worth $2,468,000 after purchasing an additional 226,091 shares during the period.

BlackRock Core Bond Trust Trading Up 0.9%

NYSE:BHK opened at $9.23 on Friday. The business’s 50-day simple moving average is $9.02 and its 200-day simple moving average is $9.20. BlackRock Core Bond Trust has a fifty-two week low of $8.69 and a fifty-two week high of $10.12.

BlackRock Core Bond Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.0746 per share. This represents a c) annualized dividend and a yield of 9.7%. 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.