Bessemer Group Inc. lowered its stake in shares of Blackrock Defined Opportunity Credit Tr (NYSE:BHL) by 13.0% during the second quarter, Holdings Channel reports. The fund owned 184,070 shares of the company’s stock after selling 27,500 shares during the period. Bessemer Group Inc.’s holdings in Blackrock Defined Opportunity Credit Tr were worth $1,828,000 as of its most recent filing with the SEC.

Blackrock Defined Opportunity Credit Tr (NYSE BHL) opened at 8.75 on Friday. The company’s 50-day moving average is $10.56 and its 200 day moving average is $12.95. Blackrock Defined Opportunity Credit Tr has a 12 month low of $8.70 and a 12 month high of $14.01.

The company also recently declared a monthly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, July 14th were given a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date of this dividend was Wednesday, July 12th.

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Blackrock Defined Opportunity Credit Tr Company Profile

BlackRock Defined Opportunity Credit Trust is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide high current income, with a secondary objective of long-term capital appreciation. The Fund seeks to achieve its investment objectives by investing substantially all of its assets in loan and debt instruments, and loan-related and debt-related instruments (collectively credit securities).

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