690,043 Shares in BlackRock Corporate High Yield Fund, Inc. $HYT Bought by Penserra Capital Management LLC

Penserra Capital Management LLC purchased a new stake in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 690,043 shares of the investment management company’s stock, valued at approximately $6,555,000.

Several other large investors also recently bought and sold shares of HYT. TFC Financial Management Inc. purchased a new stake in shares of BlackRock Corporate High Yield Fund in the 3rd quarter valued at about $50,000. Allworth Financial LP increased its position in BlackRock Corporate High Yield Fund by 10,460.0% during the second quarter. Allworth Financial LP now owns 5,280 shares of the investment management company’s stock worth $51,000 after buying an additional 5,230 shares during the period. Ameritas Advisory Services LLC acquired a new position in BlackRock Corporate High Yield Fund during the second quarter worth approximately $75,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in BlackRock Corporate High Yield Fund in the third quarter valued at approximately $96,000. Finally, L.K. Benson & Company P.C. boosted its holdings in shares of BlackRock Corporate High Yield Fund by 12.3% in the second quarter. L.K. Benson & Company P.C. now owns 14,035 shares of the investment management company’s stock valued at $137,000 after acquiring an additional 1,540 shares during the period.

Insider Activity at BlackRock Corporate High Yield Fund

In other BlackRock Corporate High Yield Fund news, Portfolio Manager David Delbos bought 100,000 shares of BlackRock Corporate High Yield Fund stock in a transaction dated Tuesday, February 3rd. The stock was acquired at an average cost of $8.68 per share, with a total value of $868,000.00. Following the completion of the acquisition, the portfolio manager owned 205,511 shares of the company’s stock, valued at approximately $1,783,835.48. This represents a 94.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BlackRock Corporate High Yield Fund Stock Performance

Shares of HYT opened at $8.81 on Friday. The company’s 50 day simple moving average is $9.02 and its 200-day simple moving average is $9.35. BlackRock Corporate High Yield Fund, Inc. has a 12-month low of $7.84 and a 12-month high of $10.02.

BlackRock Corporate High Yield Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $0.0779 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 10.6%.

BlackRock Corporate High Yield Fund Company Profile

BlackRock Corporate High Yield Fund (NYSE: HYT) is a diversified, closed-end management investment company designed to offer investors exposure to the credit market’s higher-yielding segment. The fund primarily seeks to generate high current income by investing in below-investment-grade corporate debt securities across a broad range of industries. It may also allocate a portion of its assets to investment-grade bonds and cash equivalents, allowing for flexible portfolio positioning in response to market conditions.

HYT’s investment strategy emphasizes bottom-up credit research, focusing on issuers with strong cash flow potential and sound balance sheets relative to their high-yield peers.