BlackRock Core Bond Trust (NYSE:BHK) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

BlackRock Core Bond Trust (NYSE:BHK)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $9.04 and traded as high as $9.13. BlackRock Core Bond Trust shares last traded at $9.06, with a volume of 375,979 shares trading hands.

BlackRock Core Bond Trust Stock Down 0.5%

The company’s 50 day moving average price is $9.04 and its 200-day moving average price is $9.15.

BlackRock Core Bond Trust Announces Dividend

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

Institutional Trading of BlackRock Core Bond Trust

A number of large investors have recently modified their holdings of BHK. RHS Financial LLC lifted its holdings in shares of BlackRock Core Bond Trust by 336.2% during the 2nd quarter. RHS Financial LLC now owns 270,763 shares of the investment management company’s stock worth $2,483,000 after acquiring an additional 208,690 shares during the last quarter. First Trust Advisors LP grew its stake in shares of BlackRock Core Bond Trust by 130.0% in the first quarter. First Trust Advisors LP now owns 234,502 shares of the investment management company’s stock worth $2,148,000 after purchasing an additional 132,527 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of BlackRock Core Bond Trust by 145.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 349,001 shares of the investment management company’s stock valued at $3,197,000 after buying an additional 206,557 shares during the period. 1607 Capital Partners LLC purchased a new position in shares of BlackRock Core Bond Trust during the fourth quarter valued at about $4,355,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of BlackRock Core Bond Trust in the 4th quarter valued at approximately $1,032,000.

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.