Commonwealth Equity Services LLC Has $2.35 Million Stock Position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Commonwealth Equity Services LLC cut its stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT – Get Rating) by 51.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 268,862 shares of the investment management company’s stock after selling 282,853 shares during the period. Commonwealth Equity Services LLC’s holdings in BlackRock Corporate High Yield Fund were worth $2,349,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CWM LLC grew its stake in shares of BlackRock Corporate High Yield Fund by 299,100.0% during the fourth quarter. CWM LLC now owns 5,984 shares of the investment management company’s stock worth $52,000 after purchasing an additional 5,982 shares during the period. AE Wealth Management LLC acquired a new stake in shares of BlackRock Corporate High Yield Fund during the fourth quarter worth $92,000. Clear Creek Financial Management LLC acquired a new position in BlackRock Corporate High Yield Fund in the fourth quarter valued at about $98,000. Advisors Capital Management LLC grew its stake in BlackRock Corporate High Yield Fund by 13.6% in the third quarter. Advisors Capital Management LLC now owns 13,291 shares of the investment management company’s stock valued at $117,000 after acquiring an additional 1,591 shares during the period. Finally, Shaker Financial Services LLC acquired a new position in BlackRock Corporate High Yield Fund in the third quarter valued at about $160,000.

BlackRock Corporate High Yield Fund Price Performance

NYSE:HYT opened at $8.43 on Tuesday. The stock has a 50-day moving average price of $8.62 and a two-hundred day moving average price of $8.84. BlackRock Corporate High Yield Fund, Inc. has a 1 year low of $8.13 and a 1 year high of $10.50.

BlackRock Corporate High Yield Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th will be issued a $0.0779 dividend. The ex-dividend date is Friday, May 12th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 11.09%.

BlackRock Corporate High Yield Fund Company Profile

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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.