Patten Group Inc. Sells 2,054 Shares of BlackRock Core Bond Trust $BHK

Patten Group Inc. cut its stake in shares of BlackRock Core Bond Trust (NYSE:BHK) by 2.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 71,339 shares of the investment management company’s stock after selling 2,054 shares during the quarter. Patten Group Inc.’s holdings in BlackRock Core Bond Trust were worth $693,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. International Assets Investment Management LLC increased its holdings in shares of BlackRock Core Bond Trust by 12.3% during the second quarter. International Assets Investment Management LLC now owns 17,317 shares of the investment management company’s stock worth $168,000 after purchasing an additional 1,900 shares during the period. Consolidated Portfolio Review Corp increased its holdings in shares of BlackRock Core Bond Trust by 1,179.3% during the second quarter. Consolidated Portfolio Review Corp now owns 173,316 shares of the investment management company’s stock worth $1,685,000 after purchasing an additional 159,768 shares during the period. Melfa Wealth Management Inc. increased its holdings in shares of BlackRock Core Bond Trust by 22.4% during the second quarter. Melfa Wealth Management Inc. now owns 106,654 shares of the investment management company’s stock worth $1,037,000 after purchasing an additional 19,500 shares during the period. Absolute Investment Advisers LLC bought a new position in shares of BlackRock Core Bond Trust during the second quarter worth approximately $3,811,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of BlackRock Core Bond Trust during the second quarter worth approximately $911,000.

BlackRock Core Bond Trust Stock Down 0.7%

Shares of BHK opened at $9.86 on Thursday. BlackRock Core Bond Trust has a 12 month low of $9.41 and a 12 month high of $11.75. The firm’s 50 day moving average is $9.82 and its 200-day moving average is $9.88.

BlackRock Core Bond Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be paid a $0.0746 dividend. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date of this dividend is Wednesday, October 15th.

BlackRock Core Bond Trust Profile

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.