Stifel Financial Corp lowered its stake in shares of BlackRock Core Bond Trust (NYSE:BHK) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 687,528 shares of the investment management company’s stock after selling 120,347 shares during the quarter. Stifel Financial Corp’s holdings in BlackRock Core Bond Trust were worth $8,383,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BHK. Private Advisor Group LLC purchased a new stake in BlackRock Core Bond Trust in the 3rd quarter valued at approximately $274,000. Morgan Stanley lifted its position in shares of BlackRock Core Bond Trust by 18.5% during the 3rd quarter. Morgan Stanley now owns 1,709,460 shares of the investment management company’s stock valued at $21,847,000 after acquiring an additional 266,463 shares during the period. Capital Investment Advisors LLC lifted its position in shares of BlackRock Core Bond Trust by 4.4% during the 4th quarter. Capital Investment Advisors LLC now owns 470,918 shares of the investment management company’s stock valued at $5,745,000 after acquiring an additional 20,021 shares during the period. RHS Financial LLC acquired a new position in shares of BlackRock Core Bond Trust during the 4th quarter worth approximately $3,425,000. Finally, Patten Group Inc. acquired a new position in shares of BlackRock Core Bond Trust during the 4th quarter worth approximately $321,000.
Shares of BlackRock Core Bond Trust stock remained flat at $$13.05 during trading on Wednesday. The company had a trading volume of 10,340 shares, compared to its average volume of 139,835. BlackRock Core Bond Trust has a 1 year low of $12.08 and a 1 year high of $13.25.
The business also recently disclosed a monthly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a dividend of $0.065 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.78 annualized dividend and a dividend yield of 5.98%.
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BlackRock Core Bond Trust Profile
BlackRock Core Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade quality bonds, including corporate bonds, government and agency securities, and mortgage-related securities.
Further Reading: Calculate Your Return on Investment (ROI)
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