BlackRock Core Bond Trust (NYSE:BHK) Stock Passes Below 200 Day Moving Average – Here’s What Happened

BlackRock Core Bond Trust (NYSE:BHK) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.35 and traded as low as $8.91. BlackRock Core Bond Trust shares last traded at $8.9150, with a volume of 202,590 shares changing hands.

BlackRock Core Bond Trust Trading Up 0.3%

The company has a fifty day moving average price of $9.08 and a 200 day moving average price of $9.35.

BlackRock Core Bond Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.0746 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 9.9%.

Institutional Investors Weigh In On BlackRock Core Bond Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG increased its holdings in shares of BlackRock Core Bond Trust by 8.1% during the third quarter. UBS Group AG now owns 1,352,965 shares of the investment management company’s stock valued at $13,448,000 after acquiring an additional 101,636 shares in the last quarter. Guggenheim Capital LLC grew its holdings in BlackRock Core Bond Trust by 2.3% during the fourth quarter. Guggenheim Capital LLC now owns 1,170,642 shares of the investment management company’s stock worth $11,226,000 after buying an additional 25,847 shares in the last quarter. Invesco Ltd. grew its holdings in BlackRock Core Bond Trust by 88.0% during the third quarter. Invesco Ltd. now owns 888,549 shares of the investment management company’s stock worth $8,832,000 after buying an additional 415,911 shares in the last quarter. Polar Asset Management Partners Inc. grew its holdings in BlackRock Core Bond Trust by 2.3% during the third quarter. Polar Asset Management Partners Inc. now owns 790,271 shares of the investment management company’s stock worth $7,855,000 after buying an additional 17,999 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in BlackRock Core Bond Trust during the second quarter worth $7,163,000.

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.