Northwestern Mutual Wealth Management Co. Acquires 5,668 Shares of BlackRock Core Bond Trust (NYSE:BHK)

Northwestern Mutual Wealth Management Co. increased its holdings in BlackRock Core Bond Trust (NYSE:BHKGet Rating) by 8.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,047 shares of the investment management company’s stock after buying an additional 5,668 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in BlackRock Core Bond Trust were worth $989,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of BHK. Pinnacle Associates Ltd. boosted its stake in BlackRock Core Bond Trust by 5.4% in the 1st quarter. Pinnacle Associates Ltd. now owns 19,371 shares of the investment management company’s stock worth $252,000 after purchasing an additional 1,000 shares during the period. Wolverine Asset Management LLC bought a new stake in BlackRock Core Bond Trust during the 1st quarter worth approximately $2,301,000. Envestnet Asset Management Inc. lifted its stake in BlackRock Core Bond Trust by 50.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 21,440 shares of the investment management company’s stock worth $279,000 after purchasing an additional 7,171 shares in the last quarter. Ellis Investment Partners LLC boosted its holdings in BlackRock Core Bond Trust by 5.9% in the 1st quarter. Ellis Investment Partners LLC now owns 22,791 shares of the investment management company’s stock valued at $296,000 after purchasing an additional 1,276 shares during the period. Finally, Leo Brokerage LLC bought a new position in shares of BlackRock Core Bond Trust in the first quarter worth $320,000.

BlackRock Core Bond Trust Trading Up 0.2 %

Shares of BHK stock opened at $11.74 on Friday. BlackRock Core Bond Trust has a 52-week low of $10.50 and a 52-week high of $17.36. The business’s fifty day moving average is $11.61 and its 200 day moving average is $12.28.

BlackRock Core Bond Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th will be given a dividend of $0.075 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.67%. The ex-dividend date of this dividend is Friday, August 12th. This is an increase from BlackRock Core Bond Trust’s previous monthly dividend of $0.07.

About BlackRock Core Bond Trust

(Get Rating)

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.

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