BlackRock Core Bond Trust (NYSE:BHK) Stock Passes Below 200-Day Moving Average – Time to Sell?

Shares of BlackRock Core Bond Trust (NYSE:BHK) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.41 and traded as low as $8.85. BlackRock Core Bond Trust shares last traded at $8.8850, with a volume of 386,795 shares changing hands.

BlackRock Core Bond Trust Stock Performance

The business’s 50 day moving average price is $9.12 and its 200-day moving average price is $9.41.

BlackRock Core Bond Trust Dividend Announcement

The business also recently announced 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) dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date is Monday, June 15th.

Institutional Trading of BlackRock Core Bond Trust

A number of hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in shares of BlackRock Core Bond Trust by 1.2% during the 1st quarter. Royal Bank of Canada now owns 94,643 shares of the investment management company’s stock worth $1,027,000 after buying an additional 1,101 shares during the last quarter. Equitable Holdings Inc. lifted its stake in shares of BlackRock Core Bond Trust by 14.9% during the 4th quarter. Equitable Holdings Inc. now owns 14,092 shares of the investment management company’s stock worth $135,000 after buying an additional 1,827 shares during the last quarter. Comerica Bank lifted its stake in shares of BlackRock Core Bond Trust by 2.2% during the 3rd quarter. Comerica Bank now owns 84,816 shares of the investment management company’s stock worth $843,000 after buying an additional 1,847 shares during the last quarter. Marex Group plc lifted its stake in shares of BlackRock Core Bond Trust by 10.7% during the 4th quarter. Marex Group plc now owns 22,901 shares of the investment management company’s stock worth $220,000 after buying an additional 2,209 shares during the last quarter. Finally, Uncommon Cents Investing LLC lifted its stake in shares of BlackRock Core Bond Trust by 17.5% during the 4th quarter. Uncommon Cents Investing LLC now owns 15,606 shares of the investment management company’s stock worth $150,000 after buying an additional 2,325 shares during the last quarter.

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.