BlackRock Core Bond Trust (NYSE:BHK) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of BlackRock Core Bond Trust (NYSE:BHK) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $9.62 and traded as low as $9.59. BlackRock Core Bond Trust shares last traded at $9.6150, with a volume of 329,415 shares trading hands.

BlackRock Core Bond Trust Stock Up 0.3%

The stock has a 50 day moving average of $9.62 and a 200 day moving average of $9.69.

BlackRock Core Bond Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be given a $0.0746 dividend. The ex-dividend date is Monday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%.

Hedge Funds Weigh In On BlackRock Core Bond Trust

A number of hedge funds have recently bought and sold shares of BHK. Karpus Management Inc. bought a new stake in BlackRock Core Bond Trust during the second quarter valued at $19,307,000. Balyasny Asset Management L.P. acquired a new position in shares of BlackRock Core Bond Trust in the 2nd quarter valued at about $7,163,000. Invesco Ltd. boosted its position in shares of BlackRock Core Bond Trust by 88.0% during the 3rd quarter. Invesco Ltd. now owns 888,549 shares of the investment management company’s stock valued at $8,832,000 after purchasing an additional 415,911 shares in the last quarter. Absolute Investment Advisers LLC acquired a new stake in BlackRock Core Bond Trust during the second quarter worth approximately $3,811,000. Finally, Landscape Capital Management L.L.C. grew its stake in BlackRock Core Bond Trust by 1,020.5% during the third quarter. Landscape Capital Management L.L.C. now owns 248,245 shares of the investment management company’s stock worth $2,468,000 after purchasing an additional 226,091 shares during the period.

About BlackRock Core Bond Trust

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.