Wealth Enhancement Advisory Services LLC Increases Position in BlackRock Corporate High Yield Fund, Inc. $HYT

Wealth Enhancement Advisory Services LLC increased its stake in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 53.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,016 shares of the investment management company’s stock after buying an additional 14,951 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in BlackRock Corporate High Yield Fund were worth $421,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new position in BlackRock Corporate High Yield Fund during the 4th quarter worth $134,000. Robbins Farley lifted its holdings in shares of BlackRock Corporate High Yield Fund by 2.2% in the first quarter. Robbins Farley now owns 93,004 shares of the investment management company’s stock valued at $891,000 after purchasing an additional 2,042 shares in the last quarter. Sowell Financial Services LLC grew its stake in BlackRock Corporate High Yield Fund by 12.7% during the 1st quarter. Sowell Financial Services LLC now owns 44,300 shares of the investment management company’s stock valued at $424,000 after acquiring an additional 5,000 shares in the last quarter. Grove Bank & Trust purchased a new position in shares of BlackRock Corporate High Yield Fund during the 1st quarter valued at $235,000. Finally, International Assets Investment Management LLC increased its stake in shares of BlackRock Corporate High Yield Fund by 9.8% during the 1st quarter. International Assets Investment Management LLC now owns 126,877 shares of the investment management company’s stock worth $1,215,000 after purchasing an additional 11,361 shares during the last quarter.

BlackRock Corporate High Yield Fund Stock Performance

NYSE HYT opened at $9.43 on Tuesday. The stock’s 50-day moving average is $9.58 and its two-hundred day moving average is $9.56. BlackRock Corporate High Yield Fund, Inc. has a fifty-two week low of $7.84 and a fifty-two week high of $10.05.

BlackRock Corporate High Yield Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 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 Wednesday, October 15th.

BlackRock Corporate High Yield Fund 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.