BlackRock Core Bond Trust (NYSE:BHK – Get Free Report)’s share price crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $8.52 and traded as high as $8.65. BlackRock Core Bond Trust shares last traded at $8.6050, with a volume of 507,149 shares trading hands.
BlackRock Core Bond Trust Stock Up 1.2%
The stock’s 50 day simple moving average is $8.52 and its 200 day simple moving average is $9.03.
BlackRock Core Bond Trust Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a $0.0746 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.90 annualized dividend and a yield of 10.4%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Axiom Investment Management LLC bought a new stake in shares of BlackRock Core Bond Trust in the 1st quarter worth approximately $35,000. Integrated Wealth Concepts LLC bought a new position in shares of BlackRock Core Bond Trust during the 2nd quarter valued at $46,000. PNC Financial Services Group Inc. grew its holdings in shares of 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 last quarter. First Bank & Trust bought a new position in shares of BlackRock Core Bond Trust during the 3rd quarter valued at $89,000. Finally, Westbourne Investment Advisors Inc. purchased a new position in BlackRock Core Bond Trust in the 1st quarter worth $101,000.
About BlackRock Core Bond Trust
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.
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