BlackRock Core Bond Trust (NYSE:BHK) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Shares of BlackRock Core Bond Trust (NYSE:BHK) passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $8.46 and traded as low as $8.39. BlackRock Core Bond Trust shares last traded at $8.4550, with a volume of 201,034 shares trading hands.

BlackRock Core Bond Trust Trading Down 0.4%

The company has a 50 day moving average of $8.46 and a 200-day moving average of $8.99.

BlackRock Core Bond Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be paid a dividend of $0.0746 per share. The ex-dividend date is Friday, December 11th. This represents a $0.90 dividend on an annualized basis and a yield of 10.6%.

Institutional Trading of BlackRock Core Bond Trust

Several hedge funds have recently made changes to their positions in BHK. HighTower Advisors LLC boosted its position in BlackRock Core Bond Trust by 150.7% in the 3rd quarter. HighTower Advisors LLC now owns 32,737 shares of the investment management company’s stock valued at $268,000 after buying an additional 19,680 shares during the period. Ibex Wealth Advisors boosted its holdings in BlackRock Core Bond Trust by 1.3% in the third quarter. Ibex Wealth Advisors now owns 92,169 shares of the investment management company’s stock valued at $756,000 after purchasing an additional 1,170 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in BlackRock Core Bond Trust by 12.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,458,783 shares of the investment management company’s stock valued at $11,962,000 after purchasing an additional 157,482 shares during the period. International Assets Investment Management LLC grew its stake in BlackRock Core Bond Trust by 482.9% during the 3rd quarter. International Assets Investment Management LLC now owns 85,000 shares of the investment management company’s stock worth $697,000 after purchasing an additional 70,418 shares in the last quarter. Finally, Uncommon Cents Investing Inc grew its stake in BlackRock Core Bond Trust by 4.2% during the 3rd quarter. Uncommon Cents Investing Inc now owns 48,831 shares of the investment management company’s stock worth $400,000 after purchasing an additional 1,975 shares in the last quarter.

BlackRock Core Bond Trust Company Profile

BlackRock Core Bond Trust is a closed-end investment company traded on the New York Stock Exchange under the symbol BHK. The fund is managed by BlackRock Advisors and is designed to provide investors with access to a professionally managed portfolio of fixed-income investments. The trust’s primary investment objective is to seek current income, with capital appreciation as a secondary objective. Its portfolio generally consists of bonds and other debt securities, including securities issued or guaranteed by the U.S. government and its agencies, corporate bonds, mortgage-backed securities, and other fixed-income instruments.