PNC Financial Services Group Inc. Lowers Stock Holdings in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

PNC Financial Services Group Inc. cut its position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 11.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,147 shares of the investment management company’s stock after selling 1,548 shares during the quarter. PNC Financial Services Group Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $119,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of HYT. Truist Financial Corp grew its position in BlackRock Corporate High Yield Fund by 75.1% in the 4th quarter. Truist Financial Corp now owns 25,743 shares of the investment management company’s stock valued at $253,000 after acquiring an additional 11,042 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of BlackRock Corporate High Yield Fund by 20.7% in the third quarter. Sanctuary Advisors LLC now owns 13,239 shares of the investment management company’s stock valued at $131,000 after purchasing an additional 2,271 shares during the period. Atria Wealth Solutions Inc. boosted its stake in shares of BlackRock Corporate High Yield Fund by 4.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 65,055 shares of the investment management company’s stock valued at $638,000 after purchasing an additional 2,530 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of BlackRock Corporate High Yield Fund by 5.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 145,958 shares of the investment management company’s stock valued at $1,432,000 after purchasing an additional 7,242 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in BlackRock Corporate High Yield Fund by 80.1% during the 3rd quarter. HighTower Advisors LLC now owns 143,237 shares of the investment management company’s stock worth $1,438,000 after buying an additional 63,720 shares during the period.

BlackRock Corporate High Yield Fund Price Performance

Shares of HYT stock opened at $9.61 on Tuesday. The firm has a 50 day moving average of $9.79 and a two-hundred day moving average of $9.86. BlackRock Corporate High Yield Fund, Inc. has a 52 week low of $9.21 and a 52 week high of $10.16.

BlackRock Corporate High Yield Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.0779 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.93 dividend on an annualized basis and a yield of 9.73%.

BlackRock Corporate High Yield Fund Company 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.