Raymond James Financial Services Advisors Inc. Decreases Stake in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Raymond James Financial Services Advisors Inc. lowered its holdings in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,767 shares of the investment management company’s stock after selling 3,862 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. RDA Financial Network raised its stake in shares of BlackRock Corporate High Yield Fund by 1.4% in the fourth quarter. RDA Financial Network now owns 152,559 shares of the investment management company’s stock worth $1,439,000 after purchasing an additional 2,050 shares during the last quarter. Comerica Bank purchased a new position in shares of BlackRock Corporate High Yield Fund in the third quarter worth $36,000. Creative Planning bought a new stake in shares of BlackRock Corporate High Yield Fund in the third quarter worth $250,000. Morgan Stanley grew its holdings in shares of BlackRock Corporate High Yield Fund by 3.9% in the third quarter. Morgan Stanley now owns 5,070,135 shares of the investment management company’s stock worth $43,755,000 after acquiring an additional 189,527 shares during the period. Finally, Penserra Capital Management LLC bought a new stake in shares of BlackRock Corporate High Yield Fund in the third quarter worth $8,715,000.

BlackRock Corporate High Yield Fund Stock Up 1.0 %

Shares of HYT opened at $9.35 on Wednesday. BlackRock Corporate High Yield Fund, Inc. has a one year low of $8.18 and a one year high of $9.91. The business has a fifty day moving average of $9.69 and a 200 day moving average of $9.23.

BlackRock Corporate High Yield Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be issued a $0.0779 dividend. This represents a $0.93 annualized dividend and a dividend yield of 10.00%. The ex-dividend date of this dividend is Friday, April 12th.

About BlackRock Corporate High Yield Fund

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.