Raymond James Financial Inc. Buys New Position in BlackRock Core Bond Trust (NYSE:BHK)

Raymond James Financial Inc. purchased a new position in shares of BlackRock Core Bond Trust (NYSE:BHK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 612,046 shares of the investment management company’s stock, valued at approximately $6,402,000.

Several other hedge funds have also made changes to their positions in the business. Brown Brothers Harriman & Co. purchased a new position in BlackRock Core Bond Trust in the third quarter valued at $32,000. Steward Partners Investment Advisory LLC raised its position in 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 purchasing an additional 2,739 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of BlackRock Core Bond Trust in the 3rd quarter valued at about $134,000. Morse Asset Management Inc acquired a new position in shares of BlackRock Core Bond Trust during the third quarter worth about $161,000. Finally, 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 worth $635,000 after acquiring an additional 3,740 shares during the last quarter.

BlackRock Core Bond Trust Price Performance

Shares of NYSE:BHK opened at $10.74 on Tuesday. The company’s 50 day moving average is $10.57 and its two-hundred day moving average is $11.04. BlackRock Core Bond Trust has a 52 week low of $10.09 and a 52 week high of $12.10.

BlackRock Core Bond Trust Dividend Announcement

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

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.