Raymond James Financial Inc. Invests $6.40 Million in BlackRock Core Bond Trust (NYSE:BHK)

Raymond James Financial Inc. bought a new stake in BlackRock Core Bond Trust (NYSE:BHK) during the fourth quarter, Holdings Channel.com reports. The fund bought 612,046 shares of the investment management company’s stock, valued at approximately $6,402,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BHK. Patten Group Inc. lifted its stake in BlackRock Core Bond Trust by 6.6% in the fourth quarter. Patten Group Inc. now owns 60,699 shares of the investment management company’s stock valued at $635,000 after buying an additional 3,740 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of BlackRock Core Bond Trust by 34.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,611 shares of the investment management company’s stock valued at $111,000 after acquiring an additional 2,739 shares during the period. Private Trust Co. NA raised its position in BlackRock Core Bond Trust by 1.9% in the 4th quarter. Private Trust Co. NA now owns 118,524 shares of the investment management company’s stock valued at $1,240,000 after purchasing an additional 2,225 shares during the last quarter. Private Advisor Group LLC boosted its stake in BlackRock Core Bond Trust by 5.6% during the 4th quarter. Private Advisor Group LLC now owns 250,649 shares of the investment management company’s stock worth $2,622,000 after purchasing an additional 13,279 shares during the period. Finally, Ibex Wealth Advisors purchased a new position in BlackRock Core Bond Trust during the 4th quarter worth $1,110,000.

BlackRock Core Bond Trust Stock Performance

NYSE BHK opened at $10.74 on Tuesday. The firm’s fifty day moving average is $10.57 and its two-hundred day moving average is $11.04. BlackRock Core Bond Trust has a one year low of $10.09 and a one year high of $12.10.

BlackRock Core Bond Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.0746 dividend. This represents a $0.90 annualized dividend and a yield of 8.34%. The ex-dividend date is Friday, March 14th.

About BlackRock Core Bond Trust

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.