Comerica Bank Sells 67,897 Shares of BlackRock Core Bond Trust $BHK

Comerica Bank decreased its stake in shares of BlackRock Core Bond Trust (NYSE:BHK) by 80.1% during the fourth quarter, Holdings Channel reports. The firm owned 16,919 shares of the investment management company’s stock after selling 67,897 shares during the quarter. Comerica Bank’s holdings in BlackRock Core Bond Trust were worth $162,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Turim 21 Investimentos Ltda. bought a new position in BlackRock Core Bond Trust during the third quarter valued at approximately $31,000. Fifth Third Bancorp purchased a new stake in BlackRock Core Bond Trust during the third quarter valued at approximately $39,000. Allworth Financial LP increased its holdings in BlackRock Core Bond Trust by 441.8% during the third quarter. Allworth Financial LP now owns 9,075 shares of the investment management company’s stock valued at $90,000 after buying an additional 7,400 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new stake in BlackRock Core Bond Trust during the fourth quarter valued at approximately $96,000. Finally, Equitable Holdings Inc. purchased a new stake in BlackRock Core Bond Trust during the third quarter valued at approximately $122,000.

BlackRock Core Bond Trust Stock Down 2.9%

Shares of BHK stock opened at $8.80 on Friday. BlackRock Core Bond Trust has a 12 month low of $8.77 and a 12 month high of $10.51. The company has a 50 day simple moving average of $9.18 and a two-hundred day simple moving average of $9.45.

BlackRock Core Bond Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0746 per share. This represents a c) dividend on an annualized basis and a yield of 10.2%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Core Bond Trust 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.