International Assets Investment Management LLC Buys New Position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

International Assets Investment Management LLC bought a new stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 66,161 shares of the investment management company’s stock, valued at approximately $624,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Camelot Portfolios LLC bought a new position in BlackRock Corporate High Yield Fund in the 4th quarter valued at $106,000. Melfa Wealth Management LLC grew its stake in BlackRock Corporate High Yield Fund by 5.4% in the 4th quarter. Melfa Wealth Management LLC now owns 87,883 shares of the investment management company’s stock valued at $819,000 after purchasing an additional 4,525 shares during the period. Activest Wealth Management bought a new position in BlackRock Corporate High Yield Fund in the 4th quarter valued at $30,000. McGlone Suttner Wealth Management Inc. bought a new position in BlackRock Corporate High Yield Fund in the 4th quarter valued at $82,000. Finally, SeaCrest Wealth Management LLC grew its stake in BlackRock Corporate High Yield Fund by 5.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 34,272 shares of the investment management company’s stock valued at $328,000 after purchasing an additional 1,808 shares during the period.

BlackRock Corporate High Yield Fund Stock Performance

Shares of NYSE:HYT opened at $9.62 on Thursday. The business has a fifty day moving average price of $9.67 and a two-hundred day moving average price of $9.28. BlackRock Corporate High Yield Fund, Inc. has a 1 year low of $8.18 and a 1 year high of $9.91.

BlackRock Corporate High Yield Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.0779 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.93 annualized dividend and a dividend yield of 9.72%.

BlackRock Corporate High Yield Fund Profile

BlackRock Corporate High Yield Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets across the globe. The fund invests in bonds of companies operating across diversified sectors. It primarily invests in bonds rated Ba or lower by Moody's Investors Service, Inc, or BB or lower by Standard & Poor's Corporation.