BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Shares Purchased by Comerica Bank

Comerica Bank increased its stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 2,414.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 61,074 shares of the investment management company’s stock after acquiring an additional 58,645 shares during the period. Comerica Bank’s holdings in BlackRock Corporate High Yield Fund were worth $599,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lido Advisors LLC lifted its position in BlackRock Corporate High Yield Fund by 9.1% during the 4th quarter. Lido Advisors LLC now owns 75,061 shares of the investment management company’s stock worth $736,000 after acquiring an additional 6,260 shares in the last quarter. Two Sigma Securities LLC acquired a new position in BlackRock Corporate High Yield Fund during the 4th quarter worth approximately $99,000. Stifel Financial Corp lifted its position in BlackRock Corporate High Yield Fund by 3.3% during the 4th quarter. Stifel Financial Corp now owns 40,033 shares of the investment management company’s stock worth $393,000 after acquiring an additional 1,287 shares in the last quarter. MML Investors Services LLC lifted its position in BlackRock Corporate High Yield Fund by 22.0% during the 4th quarter. MML Investors Services LLC now owns 305,700 shares of the investment management company’s stock worth $2,999,000 after acquiring an additional 55,204 shares in the last quarter. Finally, Concourse Financial Group Securities Inc. lifted its position in BlackRock Corporate High Yield Fund by 31.9% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 11,455 shares of the investment management company’s stock worth $113,000 after acquiring an additional 2,773 shares in the last quarter.

BlackRock Corporate High Yield Fund Price Performance

BlackRock Corporate High Yield Fund stock opened at $9.70 on Thursday. The stock’s 50 day moving average price is $9.40 and its 200 day moving average price is $9.69. BlackRock Corporate High Yield Fund, Inc. has a one year low of $7.84 and a one year high of $10.16.

BlackRock Corporate High Yield Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a $0.0779 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 9.64%. The ex-dividend date is Thursday, May 15th.

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.