1607 Capital Partners LLC Takes Position in BlackRock Core Bond Trust $BHK

1607 Capital Partners LLC acquired a new stake in BlackRock Core Bond Trust (NYSE:BHK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 454,094 shares of the investment management company’s stock, valued at approximately $4,355,000.

A number of other institutional investors have also modified their holdings of the company. Royal Bank of Canada increased its position in BlackRock Core Bond Trust by 1.2% during the first quarter. Royal Bank of Canada now owns 94,643 shares of the investment management company’s stock worth $1,027,000 after purchasing an additional 1,101 shares during the last quarter. NewEdge Advisors LLC increased its position in BlackRock Core Bond Trust by 9.1% during the first quarter. NewEdge Advisors LLC now owns 50,918 shares of the investment management company’s stock worth $552,000 after purchasing an additional 4,229 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in BlackRock Core Bond Trust during the second quarter worth approximately $188,000. Invesco Ltd. increased its position in BlackRock Core Bond Trust by 22.9% during the second quarter. Invesco Ltd. now owns 472,638 shares of the investment management company’s stock worth $4,594,000 after purchasing an additional 88,116 shares during the last quarter. Finally, Cary Street Partners Financial LLC acquired a new position in BlackRock Core Bond Trust during the second quarter worth approximately $184,000.

BlackRock Core Bond Trust Stock Down 0.6%

Shares of BHK stock opened at $8.94 on Thursday. BlackRock Core Bond Trust has a one year low of $8.69 and a one year high of $10.12. The company has a 50 day moving average price of $9.07 and a 200 day moving average price of $9.33.

BlackRock Core Bond Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given 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 10.0%.

BlackRock Core Bond Trust Company 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.