BlackRock Core Bond Trust (NYSE:BHK) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

BlackRock Core Bond Trust (NYSE:BHK) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.41 and traded as low as $8.85. BlackRock Core Bond Trust shares last traded at $8.8850, with a volume of 386,795 shares trading hands.

BlackRock Core Bond Trust Trading Up 0.9%

The stock’s 50-day moving average price is $9.12 and its 200 day moving average price is $9.40.

BlackRock Core Bond Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.0746 dividend. This represents a c) annualized dividend and a yield of 10.0%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Trading of BlackRock Core Bond Trust

Several large investors have recently added to or reduced their stakes in BHK. Turim 21 Investimentos Ltda. bought a new stake in BlackRock Core Bond Trust during the third quarter worth about $31,000. Kestra Advisory Services LLC bought a new stake in BlackRock Core Bond Trust during the fourth quarter worth about $34,000. Axiom Investment Management LLC bought a new stake in BlackRock Core Bond Trust during the first quarter worth about $35,000. CIBC Private Wealth Group LLC bought a new stake in BlackRock Core Bond Trust during the fourth quarter worth about $37,000. Finally, Fifth Third Bancorp bought a new stake in shares of BlackRock Core Bond Trust during the third quarter valued at 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.