City of London Investment Management Co. Ltd. Makes New Investment in BlackRock Core Bond Trust $BHK

City of London Investment Management Co. Ltd. acquired a new stake in BlackRock Core Bond Trust (NYSE:BHK) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 208,925 shares of the investment management company’s stock, valued at approximately $2,077,000.

A number of other institutional investors also recently modified their holdings of the stock. Royal Bank of Canada lifted its position in shares of BlackRock Core Bond Trust by 1.2% during the first quarter. Royal Bank of Canada now owns 94,643 shares of the investment management company’s stock worth $1,027,000 after purchasing an additional 1,101 shares in the last quarter. Intellus Advisors LLC grew its stake in shares of BlackRock Core Bond Trust by 7.4% during the second quarter. Intellus Advisors LLC now owns 19,341 shares of the investment management company’s stock valued at $188,000 after purchasing an additional 1,339 shares during the last quarter. Comerica Bank increased its holdings 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 purchasing an additional 1,847 shares in the last quarter. Farther Finance Advisors LLC bought a new position in BlackRock Core Bond Trust in the 3rd quarter worth approximately $35,000. Finally, Fifth Third Bancorp bought a new position in BlackRock Core Bond Trust in the 3rd quarter worth approximately $39,000.

BlackRock Core Bond Trust Stock Down 1.6%

NYSE:BHK opened at $9.07 on Friday. The stock’s fifty day moving average price is $9.55 and its two-hundred day moving average price is $9.67. BlackRock Core Bond Trust has a 52-week low of $9.03 and a 52-week high of $11.00.

BlackRock Core Bond Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.0746 per share. This represents a c) annualized dividend and a dividend yield of 9.9%. 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.