UBS Group AG Trims Stock Position in BlackRock Core Bond Trust $BHK

UBS Group AG lessened its position in shares of BlackRock Core Bond Trust (NYSE:BHK) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,254,397 shares of the investment management company’s stock after selling 98,568 shares during the quarter. UBS Group AG’s holdings in BlackRock Core Bond Trust were worth $12,030,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Turim 21 Investimentos Ltda. purchased a new stake in shares of BlackRock Core Bond Trust during the 3rd quarter valued at approximately $31,000. Fifth Third Bancorp purchased a new stake in shares of BlackRock Core Bond Trust during the 3rd quarter valued at approximately $39,000. Allworth Financial LP raised its position in shares of BlackRock Core Bond Trust by 441.8% during the 3rd quarter. Allworth Financial LP now owns 9,075 shares of the investment management company’s stock valued at $90,000 after buying an additional 7,400 shares during the period. Equitable Holdings Inc. purchased a new stake in shares of BlackRock Core Bond Trust during the 3rd quarter valued at approximately $122,000. Finally, Claro Advisors LLC purchased a new stake in shares of BlackRock Core Bond Trust during the 3rd quarter valued at approximately $144,000.

BlackRock Core Bond Trust Price Performance

Shares of NYSE BHK opened at $8.80 on Friday. BlackRock Core Bond Trust has a 52-week low of $8.77 and a 52-week high of $10.51. The business’s 50 day moving average is $9.18 and its two-hundred day moving average is $9.45.

BlackRock Core Bond Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.0746 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 10.2%.

BlackRock Core Bond Trust 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.