First National Bank & Trust Co. of Newtown Decreases Stake in BlackRock Core Bond Trust (NYSE:BHK)

First National Bank & Trust Co. of Newtown reduced its position in BlackRock Core Bond Trust (NYSE:BHK) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 79,435 shares of the investment management company’s stock after selling 1,795 shares during the period. First National Bank & Trust Co. of Newtown’s holdings in BlackRock Core Bond Trust were worth $867,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BHK. NBC Securities Inc. bought a new position in shares of BlackRock Core Bond Trust during the third quarter worth about $52,000. Nomura Holdings Inc. bought a new position in shares of BlackRock Core Bond Trust during the second quarter worth about $114,000. Jane Street Group LLC bought a new position in shares of BlackRock Core Bond Trust during the third quarter worth about $132,000. Atlantic Union Bankshares Corp lifted its position in shares of BlackRock Core Bond Trust by 20.5% during the fourth quarter. Atlantic Union Bankshares Corp now owns 13,521 shares of the investment management company’s stock worth $148,000 after purchasing an additional 2,300 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of BlackRock Core Bond Trust during the third quarter worth about $149,000.

BlackRock Core Bond Trust Stock Performance

Shares of BHK stock traded up $0.02 during trading hours on Friday, hitting $10.32. 34,969 shares of the company were exchanged, compared to its average volume of 183,936. BlackRock Core Bond Trust has a one year low of $9.02 and a one year high of $11.09. The business’s 50-day simple moving average is $10.58 and its two-hundred day simple moving average is $10.38.

BlackRock Core Bond Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.90 annualized dividend and a dividend yield of 8.72%.

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.