First Trust Advisors LP Has $2.15 Million Stock Holdings in BlackRock Core Bond Trust $BHK

First Trust Advisors LP raised its holdings in shares of BlackRock Core Bond Trust (NYSE:BHK) by 130.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 234,502 shares of the investment management company’s stock after acquiring an additional 132,527 shares during the period. First Trust Advisors LP’s holdings in BlackRock Core Bond Trust were worth $2,148,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Turim 21 Investimentos Ltda. bought a new position in shares of BlackRock Core Bond Trust in the 3rd quarter worth $31,000. Kestra Advisory Services LLC bought a new stake in BlackRock Core Bond Trust in the fourth quarter valued at about $34,000. CIBC Private Wealth Group LLC acquired a new position in BlackRock Core Bond Trust in the fourth quarter valued at about $37,000. PNC Financial Services Group Inc. boosted its holdings in BlackRock Core Bond Trust by 120.6% during the first quarter. PNC Financial Services Group Inc. now owns 5,488 shares of the investment management company’s stock worth $50,000 after buying an additional 3,000 shares during the last quarter. Finally, Arax Advisory Partners bought a new position in BlackRock Core Bond Trust during the fourth quarter worth about $57,000.

BlackRock Core Bond Trust Stock Performance

BlackRock Core Bond Trust stock opened at $9.23 on Friday. The business has a 50-day moving average of $9.02 and a 200-day moving average of $9.20. BlackRock Core Bond Trust has a 1 year low of $8.69 and a 1 year high of $10.12.

BlackRock Core Bond Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.0746 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 9.7%.

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.