BlackRock Corporate High Yield Fund, Inc. $HYT Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC decreased its position in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 47.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,422 shares of the investment management company’s stock after selling 20,878 shares during the quarter. Sowell Financial Services LLC’s holdings in BlackRock Corporate High Yield Fund were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. US Bancorp DE lifted its position in BlackRock Corporate High Yield Fund by 300.0% in the first quarter. US Bancorp DE now owns 4,000 shares of the investment management company’s stock valued at $38,000 after buying an additional 3,000 shares during the last quarter. Elequin Capital LP acquired a new stake in shares of BlackRock Corporate High Yield Fund during the first quarter valued at about $43,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of BlackRock Corporate High Yield Fund during the second quarter valued at about $96,000. Saxony Capital Management LLC acquired a new stake in shares of BlackRock Corporate High Yield Fund during the first quarter valued at about $97,000. Finally, Spire Wealth Management increased its position in shares of BlackRock Corporate High Yield Fund by 12.2% during the first 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 during the last quarter.

BlackRock Corporate High Yield Fund Trading Down 0.2%

Shares of HYT opened at $9.41 on Friday. BlackRock Corporate High Yield Fund, Inc. has a 1-year low of $7.84 and a 1-year high of $10.11. The firm has a 50-day simple moving average of $9.62 and a two-hundred day simple moving average of $9.57.

BlackRock Corporate High Yield Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.0779 per share. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Monday, September 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.