BlackRock Core Bond Trust $BHK is Sit Investment Associates Inc.’s 7th Largest Position

Sit Investment Associates Inc. cut its position in shares of BlackRock Core Bond Trust (NYSE:BHK) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,637,573 shares of the investment management company’s stock after selling 151,611 shares during the quarter. BlackRock Core Bond Trust comprises 2.0% of Sit Investment Associates Inc.’s investment portfolio, making the stock its 7th biggest holding. Sit Investment Associates Inc.’s holdings in BlackRock Core Bond Trust were worth $102,014,000 at the end of the most recent reporting period.

Several 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 in the third quarter worth $31,000. Fifth Third Bancorp bought a new stake in shares of BlackRock Core Bond Trust during the 3rd quarter valued at $39,000. Allworth Financial LP boosted its holdings in shares of BlackRock Core Bond Trust by 441.8% during the 3rd 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 in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in shares of BlackRock Core Bond Trust in the 4th quarter worth about $96,000. Finally, Integrity Advisory Solutions LLC purchased a new stake in shares of BlackRock Core Bond Trust in the 4th quarter worth about $110,000.

BlackRock Core Bond Trust Trading Up 0.7%

Shares of BlackRock Core Bond Trust stock opened at $8.99 on Friday. BlackRock Core Bond Trust has a 1 year low of $8.69 and a 1 year high of $10.12. The company has a 50-day moving average of $9.09 and a 200 day moving average of $9.35.

BlackRock Core Bond Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.0746 dividend. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date is Tuesday, September 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.