BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Shares Bought by Bank of America Corp DE

Bank of America Corp DE grew its holdings in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 6.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 789,993 shares of the investment management company’s stock after acquiring an additional 45,990 shares during the quarter. Bank of America Corp DE’s holdings in BlackRock Corporate High Yield Fund were worth $7,750,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Janney Montgomery Scott LLC raised its position in shares of BlackRock Corporate High Yield Fund by 5.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 145,958 shares of the investment management company’s stock worth $1,432,000 after purchasing an additional 7,242 shares during the period. Geneos Wealth Management Inc. raised its position in shares of BlackRock Corporate High Yield Fund by 2.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 66,325 shares of the investment management company’s stock valued at $651,000 after purchasing an additional 1,711 shares during the period. Robbins Farley grew its holdings in BlackRock Corporate High Yield Fund by 2.9% in the 4th quarter. Robbins Farley now owns 90,962 shares of the investment management company’s stock valued at $892,000 after buying an additional 2,541 shares during the last quarter. Elm3 Financial Group LLC acquired a new stake in BlackRock Corporate High Yield Fund during the fourth quarter worth about $293,000. Finally, Gladstone Institutional Advisory LLC bought a new position in shares of BlackRock Corporate High Yield Fund during the 4th quarter worth about $100,000.

BlackRock Corporate High Yield Fund Price Performance

Shares of NYSE HYT opened at $9.63 on Monday. The business has a fifty day moving average of $9.39 and a two-hundred day moving average of $9.68. BlackRock Corporate High Yield Fund, Inc. has a 52-week low of $7.84 and a 52-week high of $10.16.

BlackRock Corporate High Yield Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.0779 per share. This represents a $0.93 annualized dividend and a yield of 9.71%. The ex-dividend date of this dividend 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.