City of London Investment Management Co. Ltd. Makes New $2.08 Million Investment in BlackRock Core Bond Trust $BHK

City of London Investment Management Co. Ltd. acquired a new stake in shares of BlackRock Core Bond Trust (NYSE:BHK) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 208,925 shares of the investment management company’s stock, valued at approximately $2,077,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Guggenheim Capital LLC increased its position in shares of BlackRock Core Bond Trust by 10.8% during the 2nd quarter. Guggenheim Capital LLC now owns 947,831 shares of the investment management company’s stock worth $9,213,000 after purchasing an additional 92,727 shares in the last quarter. Karpus Management Inc. acquired a new position in BlackRock Core Bond Trust in the second quarter valued at about $19,307,000. Rockefeller Capital Management L.P. grew its stake in BlackRock Core Bond Trust by 93.1% during the second quarter. Rockefeller Capital Management L.P. now owns 463,620 shares of the investment management company’s stock worth $4,506,000 after buying an additional 223,584 shares during the last quarter. Consolidated Portfolio Review Corp grew its stake in BlackRock Core Bond Trust by 53.4% during the third quarter. Consolidated Portfolio Review Corp now owns 265,871 shares of the investment management company’s stock worth $2,643,000 after buying an additional 92,555 shares during the last quarter. Finally, Intellus Advisors LLC grew its stake in BlackRock Core Bond Trust by 7.4% during the second quarter. Intellus Advisors LLC now owns 19,341 shares of the investment management company’s stock worth $188,000 after buying an additional 1,339 shares during the last quarter.

BlackRock Core Bond Trust Stock Down 1.6%

NYSE BHK opened at $9.07 on Friday. BlackRock Core Bond Trust has a 1-year low of $9.03 and a 1-year high of $11.00. The company has a 50 day moving average of $9.55 and a 200-day moving average of $9.67.

BlackRock Core Bond Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.0746 per share. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Core Bond Trust Company 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.