BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Holdings Lifted by RDA Financial Network

RDA Financial Network boosted its position in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYTGet Rating) by 8.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,009 shares of the investment management company’s stock after buying an additional 5,600 shares during the quarter. RDA Financial Network’s holdings in BlackRock Corporate High Yield Fund were worth $743,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HYT. Morgan Stanley boosted its stake in BlackRock Corporate High Yield Fund by 5.1% during the third quarter. Morgan Stanley now owns 2,772,167 shares of the investment management company’s stock valued at $33,820,000 after buying an additional 133,282 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of BlackRock Corporate High Yield Fund by 3.9% during the third quarter. Royal Bank of Canada now owns 306,823 shares of the investment management company’s stock valued at $3,743,000 after purchasing an additional 11,615 shares during the last quarter. Beacon Pointe Advisors LLC purchased a new stake in shares of BlackRock Corporate High Yield Fund during the third quarter valued at $187,000. MML Investors Services LLC purchased a new stake in shares of BlackRock Corporate High Yield Fund during the third quarter valued at $130,000. Finally, LPL Financial LLC lifted its holdings in shares of BlackRock Corporate High Yield Fund by 4.2% during the third quarter. LPL Financial LLC now owns 326,518 shares of the investment management company’s stock valued at $3,984,000 after purchasing an additional 13,066 shares during the last quarter.

Shares of NYSE HYT traded up $0.01 during mid-day trading on Wednesday, hitting $9.56. 322 shares of the company traded hands, compared to its average volume of 458,987. BlackRock Corporate High Yield Fund, Inc. has a 1 year low of $9.27 and a 1 year high of $12.69. The business has a 50 day moving average of $10.04 and a two-hundred day moving average of $10.79.

The business also recently announced a monthly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be issued a dividend of $0.0779 per share. This represents a $0.93 annualized dividend and a dividend yield of 9.78%. The ex-dividend date is Tuesday, June 14th.

BlackRock Corporate High Yield Fund Profile (Get Rating)

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.

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Institutional Ownership by Quarter for BlackRock Corporate High Yield Fund (NYSE:HYT)

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