Allspring Global Investments Holdings LLC Invests $1.37 Million in BlackRock Core Bond Trust $BHK

Allspring Global Investments Holdings LLC acquired a new position in shares of BlackRock Core Bond Trust (NYSE:BHK) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 142,444 shares of the investment management company’s stock, valued at approximately $1,366,000.

A number of other hedge funds have also modified their holdings of BHK. Turim 21 Investimentos Ltda. purchased a new stake in shares of BlackRock Core Bond Trust during the third quarter worth about $31,000. Farther Finance Advisors LLC purchased a new stake in shares of BlackRock Core Bond Trust during the third quarter worth about $35,000. Fifth Third Bancorp purchased a new stake in shares of BlackRock Core Bond Trust during the third quarter worth about $39,000. Allworth Financial LP grew its holdings in shares of BlackRock Core Bond Trust by 441.8% during the third quarter. Allworth Financial LP now owns 9,075 shares of the investment management company’s stock worth $90,000 after buying an additional 7,400 shares in the last quarter. Finally, Equitable Holdings Inc. purchased a new stake in shares of BlackRock Core Bond Trust during the third quarter worth about $122,000.

BlackRock Core Bond Trust Trading Up 0.2%

Shares of NYSE BHK opened at $9.31 on Friday. BlackRock Core Bond Trust has a 12 month low of $8.94 and a 12 month high of $10.58. The company has a 50-day simple moving average of $9.38 and a 200-day simple moving average of $9.58.

BlackRock Core Bond Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.0746 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%.

BlackRock Core Bond Trust 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.