Elequin Capital LP Buys Shares of 12,375 BlackRock Core Bond Trust (NYSE:BHK)

Elequin Capital LP bought a new stake in BlackRock Core Bond Trust (NYSE:BHK) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 12,375 shares of the investment management company’s stock, valued at approximately $129,000.

A number of other hedge funds have also modified their holdings of the business. Commonwealth Equity Services LLC increased its stake in BlackRock Core Bond Trust by 11.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 136,485 shares of the investment management company’s stock valued at $1,428,000 after purchasing an additional 13,992 shares during the last quarter. Invesco Ltd. grew its holdings in BlackRock Core Bond Trust by 5.6% during the 4th quarter. Invesco Ltd. now owns 384,369 shares of the investment management company’s stock valued at $4,020,000 after purchasing an additional 20,525 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in BlackRock Core Bond Trust during the 4th quarter worth approximately $6,402,000. LPL Financial LLC grew its stake in BlackRock Core Bond Trust by 0.3% in the fourth quarter. LPL Financial LLC now owns 1,222,614 shares of the investment management company’s stock worth $12,789,000 after purchasing an additional 3,097 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in shares of BlackRock Core Bond Trust by 34.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,611 shares of the investment management company’s stock valued at $111,000 after buying an additional 2,739 shares during the last quarter.

BlackRock Core Bond Trust Price Performance

Shares of BHK opened at $10.19 on Wednesday. BlackRock Core Bond Trust has a 1 year low of $9.42 and a 1 year high of $12.10. The firm has a fifty day moving average of $10.43 and a 200-day moving average of $10.64.

BlackRock Core Bond Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.0746 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.90 annualized dividend and a yield of 8.79%.

About BlackRock Core Bond Trust

BlackRock Core Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade quality bonds, including corporate bonds, government and agency securities, and mortgage-related securities.