Envestnet Asset Management Inc. Raises Stock Position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Envestnet Asset Management Inc. increased its position in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 3.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,522 shares of the investment management company’s stock after buying an additional 3,505 shares during the period. Envestnet Asset Management Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $953,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in shares of BlackRock Corporate High Yield Fund by 18.2% in the 4th quarter. Invesco Ltd. now owns 1,237,705 shares of the investment management company’s stock worth $12,142,000 after purchasing an additional 190,900 shares during the last quarter. Raymond James Financial Inc. bought a new position in BlackRock Corporate High Yield Fund in the 4th quarter worth about $1,575,000. Guggenheim Capital LLC grew its position in BlackRock Corporate High Yield Fund by 23.0% in the 4th quarter. Guggenheim Capital LLC now owns 775,043 shares of the investment management company’s stock worth $7,603,000 after purchasing an additional 145,035 shares during the last quarter. Comerica Bank grew its position in BlackRock Corporate High Yield Fund by 2,414.4% in the 4th quarter. Comerica Bank now owns 61,074 shares of the investment management company’s stock worth $599,000 after purchasing an additional 58,645 shares during the last quarter. Finally, MML Investors Services LLC lifted its stake in shares of BlackRock Corporate High Yield Fund by 22.0% in 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 during the period.

BlackRock Corporate High Yield Fund Stock Down 0.2%

Shares of NYSE:HYT opened at $9.77 on Friday. The company has a 50 day moving average of $9.73 and a 200-day moving average of $9.63. BlackRock Corporate High Yield Fund, Inc. has a twelve month low of $7.84 and a twelve month high of $10.16.

BlackRock Corporate High Yield Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.0779 per share. The ex-dividend date was Tuesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%.

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.