Rivernorth Capital Management LLC Makes New $1.33 Million Investment in BlackRock Core Bond Trust $BHK

Rivernorth Capital Management LLC bought a new stake in BlackRock Core Bond Trust (NYSE:BHK) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 144,930 shares of the investment management company’s stock, valued at approximately $1,329,000.

Several other institutional investors have also modified their holdings of the company. Royal Bank of Canada increased its stake in BlackRock Core Bond Trust by 1.2% in the 1st quarter. Royal Bank of Canada now owns 94,643 shares of the investment management company’s stock valued at $1,027,000 after purchasing an additional 1,101 shares in the last quarter. Equitable Holdings Inc. increased its position in shares of BlackRock Core Bond Trust by 14.9% in the fourth quarter. Equitable Holdings Inc. now owns 14,092 shares of the investment management company’s stock valued at $135,000 after buying an additional 1,827 shares in the last quarter. Comerica Bank increased its position in shares of BlackRock Core Bond Trust by 2.2% in the third quarter. Comerica Bank now owns 84,816 shares of the investment management company’s stock valued at $843,000 after buying an additional 1,847 shares in the last quarter. Marex Group plc raised its stake in shares of BlackRock Core Bond Trust by 10.7% during the 4th quarter. Marex Group plc now owns 22,901 shares of the investment management company’s stock worth $220,000 after buying an additional 2,209 shares during the last quarter. Finally, Eclectic Associates Inc. ADV raised its stake in shares of BlackRock Core Bond Trust by 2.8% during the 2nd quarter. Eclectic Associates Inc. ADV now owns 89,517 shares of the investment management company’s stock worth $821,000 after buying an additional 2,451 shares during the last quarter.

BlackRock Core Bond Trust Price Performance

Shares of NYSE BHK opened at $9.08 on Monday. The company’s 50-day moving average price is $9.05 and its 200 day moving average price is $9.14. BlackRock Core Bond Trust has a 52 week low of $8.69 and a 52 week high of $10.12.

BlackRock Core Bond Trust Announces Dividend

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

BlackRock Core Bond Trust Company Profile

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.