BlackRock Core Bond Trust (NYSE:BHK) Shares Pass Above Fifty Day Moving Average – Time to Sell?

BlackRock Core Bond Trust (NYSE:BHK) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.01 and traded as high as $9.03. BlackRock Core Bond Trust shares last traded at $8.9850, with a volume of 566,357 shares traded.

BlackRock Core Bond Trust Stock Up 1.0%

The stock’s fifty day simple moving average is $9.01 and its 200-day simple moving average is $9.21.

BlackRock Core Bond Trust Dividend Announcement

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 dividend of $0.0746 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BHK. Balyasny Asset Management L.P. acquired a new stake in BlackRock Core Bond Trust in the second quarter worth $7,163,000. Rivernorth Capital Management LLC bought a new position in shares of BlackRock Core Bond Trust during the fourth quarter worth about $4,777,000. 1607 Capital Partners LLC acquired a new stake in shares of BlackRock Core Bond Trust in the 4th quarter worth about $4,355,000. Invesco Ltd. increased its holdings in shares of BlackRock Core Bond Trust by 88.0% in the 3rd quarter. Invesco Ltd. now owns 888,549 shares of the investment management company’s stock worth $8,832,000 after acquiring an additional 415,911 shares during the period. Finally, Landscape Capital Management L.L.C. lifted its position in BlackRock Core Bond Trust by 1,020.5% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 248,245 shares of the investment management company’s stock valued at $2,468,000 after purchasing an additional 226,091 shares during the last quarter.

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.