Rivernorth Capital Management LLC Purchases Shares of 144,930 BlackRock Core Bond Trust $BHK

Rivernorth Capital Management LLC acquired a new stake in shares of BlackRock Core Bond Trust (NYSE:BHK) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 144,930 shares of the investment management company’s stock, valued at approximately $1,329,000.

Other hedge funds have also modified their holdings of the company. IMC Chicago LLC purchased a new position in BlackRock Core Bond Trust during the second quarter worth approximately $357,000. RHS Financial LLC increased its holdings in shares of BlackRock Core Bond Trust by 336.2% during the 2nd quarter. RHS Financial LLC now owns 270,763 shares of the investment management company’s stock worth $2,483,000 after buying an additional 208,690 shares during the last quarter. Pension & Wealth Management Advisors Inc. raised its position in shares of BlackRock Core Bond Trust by 36.9% in the 2nd quarter. Pension & Wealth Management Advisors Inc. now owns 145,707 shares of the investment management company’s stock worth $1,336,000 after buying an additional 39,245 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of BlackRock Core Bond Trust in the 2nd quarter worth $471,000. Finally, Eclectic Associates Inc. ADV boosted its holdings in BlackRock Core Bond Trust by 2.8% in the second quarter. Eclectic Associates Inc. ADV now owns 89,517 shares of the investment management company’s stock valued at $821,000 after acquiring an additional 2,451 shares during the last quarter.

BlackRock Core Bond Trust Price Performance

BHK stock opened at $9.08 on Monday. The stock has a 50-day moving average price of $9.05 and a two-hundred day moving average price of $9.14. BlackRock Core Bond Trust has a 12-month low of $8.69 and a 12-month high of $10.12.

BlackRock Core Bond Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.0746 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%.

About BlackRock Core Bond Trust

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.