HighTower Advisors LLC Has $515,000 Stock Position in BlackRock Corporate High Yield Fund, Inc. $HYT

HighTower Advisors LLC lessened its stake in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 17.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,770 shares of the investment management company’s stock after selling 11,232 shares during the quarter. HighTower Advisors LLC’s holdings in BlackRock Corporate High Yield Fund were worth $515,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Spire Wealth Management increased its position in BlackRock Corporate High Yield Fund by 12.2% in the 1st quarter. Spire Wealth Management now owns 10,342 shares of the investment management company’s stock valued at $99,000 after acquiring an additional 1,123 shares in the last quarter. Stifel Financial Corp increased its position in BlackRock Corporate High Yield Fund by 3.3% in the 4th quarter. Stifel Financial Corp now owns 40,033 shares of the investment management company’s stock valued at $393,000 after acquiring an additional 1,287 shares in the last quarter. Robbins Farley increased its position in BlackRock Corporate High Yield Fund by 2.2% in the 1st quarter. Robbins Farley now owns 93,004 shares of the investment management company’s stock valued at $891,000 after acquiring an additional 2,042 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in BlackRock Corporate High Yield Fund by 30.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 13,000 shares of the investment management company’s stock valued at $125,000 after acquiring an additional 3,000 shares in the last quarter. Finally, US Bancorp DE increased its position in BlackRock Corporate High Yield Fund by 300.0% in the 1st quarter. US Bancorp DE now owns 4,000 shares of the investment management company’s stock valued at $38,000 after acquiring an additional 3,000 shares in the last quarter.

BlackRock Corporate High Yield Fund Stock Performance

HYT opened at $9.52 on Friday. BlackRock Corporate High Yield Fund, Inc. has a 1-year low of $7.84 and a 1-year high of $10.16. The firm has a 50-day moving average price of $9.71 and a two-hundred day moving average price of $9.60.

BlackRock Corporate High Yield Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.0779 dividend. This represents a c) annualized dividend and a yield of 9.8%. The ex-dividend date was Friday, August 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.