BlackRock Core Bond Trust (NYSE:BHK) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

BlackRock Core Bond Trust (NYSE:BHK)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $9.59 and traded as high as $9.63. BlackRock Core Bond Trust shares last traded at $9.5850, with a volume of 485,082 shares traded.

BlackRock Core Bond Trust Stock Performance

The business has a 50 day moving average price of $9.59 and a two-hundred day moving average price of $9.68.

BlackRock Core Bond Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.0746 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a yield of 9.3%.

Hedge Funds Weigh In On BlackRock Core Bond Trust

Hedge funds have recently modified their holdings of the company. Turim 21 Investimentos Ltda. bought a new position in shares of BlackRock Core Bond Trust during the third quarter valued at about $31,000. Kestra Advisory Services LLC purchased a new position in BlackRock Core Bond Trust during the 4th quarter valued at about $34,000. Farther Finance Advisors LLC bought a new position in BlackRock Core Bond Trust during the 3rd quarter valued at approximately $35,000. CIBC Private Wealth Group LLC purchased a new stake in BlackRock Core Bond Trust in the 4th quarter worth approximately $37,000. Finally, Fifth Third Bancorp bought a new stake in shares of BlackRock Core Bond Trust in the 3rd quarter worth approximately $39,000.

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.