BlackRock Core Bond Trust Plans Monthly Dividend of $0.07 (NYSE:BHK)

BlackRock Core Bond Trust (NYSE:BHK) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Tuesday, January 20th will be paid a dividend of 0.0746 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date is Tuesday, January 20th.

BlackRock Core Bond Trust Price Performance

BHK opened at $9.65 on Friday. The firm has a 50 day moving average price of $9.58 and a 200-day moving average price of $9.69. BlackRock Core Bond Trust has a twelve month low of $9.39 and a twelve month high of $11.00.

Hedge Funds Weigh In On BlackRock Core Bond Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its position in BlackRock Core Bond Trust by 1.2% during the first quarter. Royal Bank of Canada now owns 94,643 shares of the investment management company’s stock valued at $1,027,000 after acquiring an additional 1,101 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of BlackRock Core Bond Trust by 9.1% during the 1st quarter. NewEdge Advisors LLC now owns 50,918 shares of the investment management company’s stock valued at $552,000 after purchasing an additional 4,229 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of BlackRock Core Bond Trust during the 2nd quarter valued at about $911,000. Absolute Investment Advisers LLC bought a new position in shares of BlackRock Core Bond Trust in the 2nd quarter worth approximately $3,811,000. Finally, Melfa Wealth Management Inc. boosted its holdings in shares of BlackRock Core Bond Trust by 22.4% in the second quarter. Melfa Wealth Management Inc. now owns 106,654 shares of the investment management company’s stock worth $1,037,000 after buying an additional 19,500 shares during the last quarter.

About BlackRock Core Bond Trust

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.