Bessemer Group Inc. decreased its stake in Blackrock Defined Opportunity Credit Tr (NYSE:BHL) by 13.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 184,070 shares of the company’s stock after selling 27,500 shares during the period. Bessemer Group Inc.’s holdings in Blackrock Defined Opportunity Credit Tr were worth $1,828,000 as of its most recent SEC filing.
Shares of Blackrock Defined Opportunity Credit Tr (NYSE:BHL) opened at 8.75 on Friday. The firm’s 50-day moving average is $10.56 and its 200 day moving average is $12.95. Blackrock Defined Opportunity Credit Tr has a 1-year low of $8.70 and a 1-year high of $14.01.
The firm also recently disclosed a monthly dividend, which was paid on Monday, July 31st. Investors of record on Friday, July 14th were given a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a yield of 6.99%. The ex-dividend date was Wednesday, July 12th.
About Blackrock Defined Opportunity Credit Tr
BlackRock Defined Opportunity Credit Trust is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide high current income, with a secondary objective of long-term capital appreciation. The Fund seeks to achieve its investment objectives by investing substantially all of its assets in loan and debt instruments, and loan-related and debt-related instruments (collectively credit securities).
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