BlackRock Core Bond Trust (NYSE:BHK) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

BlackRock Core Bond Trust (NYSE:BHK) shares passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $8.52 and traded as high as $8.65. BlackRock Core Bond Trust shares last traded at $8.6050, with a volume of 507,149 shares.

BlackRock Core Bond Trust Stock Up 1.2%

The business has a 50 day moving average price of $8.52 and a two-hundred day moving average price of $9.03.

BlackRock Core Bond Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a $0.0746 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.90 annualized dividend and a dividend yield of 10.4%.

Institutional Investors Weigh In On BlackRock Core Bond Trust

A number of large investors have recently modified their holdings of the stock. RHS Financial LLC grew its holdings in shares of BlackRock Core Bond Trust by 336.2% during the 2nd quarter. RHS Financial LLC now owns 270,763 shares of the investment management company’s stock worth $2,483,000 after acquiring an additional 208,690 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of BlackRock Core Bond Trust by 145.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 349,001 shares of the investment management company’s stock worth $3,197,000 after acquiring an additional 206,557 shares in the last quarter. Rivernorth Capital Management LLC bought a new position in shares of BlackRock Core Bond Trust in the 2nd quarter worth approximately $1,329,000. First Trust Advisors LP lifted its stake in shares of BlackRock Core Bond Trust by 130.0% in the 1st quarter. First Trust Advisors LP now owns 234,502 shares of the investment management company’s stock valued at $2,148,000 after purchasing an additional 132,527 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of BlackRock Core Bond Trust by 482.9% in the 3rd quarter. International Assets Investment Management LLC now owns 85,000 shares of the investment management company’s stock valued at $697,000 after purchasing an additional 70,418 shares during the period.

About BlackRock Core Bond Trust

BlackRock Core Bond Trust is a closed-end investment company traded on the New York Stock Exchange under the symbol BHK. The fund is managed by BlackRock Advisors and is designed to provide investors with access to a professionally managed portfolio of fixed-income investments.

The trust’s primary investment objective is to seek current income, with capital appreciation as a secondary objective. Its portfolio generally consists of bonds and other debt securities, including securities issued or guaranteed by the U.S.