BlackRock Core Bond Trust (NYSE:BHK) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

BlackRock Core Bond Trust (NYSE:BHK)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.04 and traded as low as $9.00. BlackRock Core Bond Trust shares last traded at $9.0850, with a volume of 211,687 shares changing hands.

BlackRock Core Bond Trust Price Performance

The stock has a 50-day moving average of $9.04 and a two-hundred day moving average of $9.31.

BlackRock Core Bond Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0746 per share. The ex-dividend date of this dividend 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

A number of hedge funds have recently made changes to their positions in BHK. Balyasny Asset Management L.P. purchased a new stake in shares of BlackRock Core Bond Trust in the 2nd quarter valued at $7,163,000. Rivernorth Capital Management LLC bought a new stake in BlackRock Core Bond Trust in the fourth quarter worth $4,777,000. 1607 Capital Partners LLC purchased a new stake in BlackRock Core Bond Trust during the fourth quarter valued at about $4,355,000. Invesco Ltd. boosted its position 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 valued at $8,832,000 after buying an additional 415,911 shares during the period. Finally, Landscape Capital Management L.L.C. grew its stake in shares of BlackRock Core Bond Trust by 1,020.5% during the third quarter. Landscape Capital Management L.L.C. now owns 248,245 shares of the investment management company’s stock valued at $2,468,000 after buying an additional 226,091 shares during the last quarter.

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.