BlackRock Core Bond Trust (NYSE:BHK) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

BlackRock Core Bond Trust (NYSE:BHK) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.35 and traded as low as $8.91. BlackRock Core Bond Trust shares last traded at $8.9150, with a volume of 202,590 shares changing hands.

BlackRock Core Bond Trust Stock Down 0.2%

The company has a 50 day moving average price of $9.09 and a 200-day moving average price of $9.35.

BlackRock Core Bond Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.0746 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 10.0%.

Hedge Funds Weigh In On BlackRock Core Bond Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Turim 21 Investimentos Ltda. bought a new position in shares of BlackRock Core Bond Trust in the 3rd quarter valued at $31,000. Kestra Advisory Services LLC bought a new position in shares of BlackRock Core Bond Trust in the 4th quarter valued at $34,000. Axiom Investment Management LLC bought a new position in shares of BlackRock Core Bond Trust in the 1st quarter valued at $35,000. CIBC Private Wealth Group LLC bought a new position in shares of BlackRock Core Bond Trust in the 4th quarter valued at $37,000. Finally, Fifth Third Bancorp bought a new position in shares of BlackRock Core Bond Trust in the 3rd quarter valued at $39,000.

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.