Tempus Wealth Planning LLC Makes New $854,000 Investment in BlackRock Corporate High Yield Fund, Inc. $HYT

Tempus Wealth Planning LLC purchased a new stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 89,900 shares of the investment management company’s stock, valued at approximately $854,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HYT. Penserra Capital Management LLC acquired a new stake in BlackRock Corporate High Yield Fund in the 3rd quarter valued at approximately $6,555,000. McGowan Group Asset Management Inc. increased its holdings in shares of BlackRock Corporate High Yield Fund by 13.2% during the second quarter. McGowan Group Asset Management Inc. now owns 3,773,668 shares of the investment management company’s stock valued at $36,793,000 after purchasing an additional 440,349 shares during the period. Shaker Financial Services LLC bought a new stake in shares of BlackRock Corporate High Yield Fund during the third quarter valued at about $3,443,000. Wolverine Asset Management LLC acquired a new stake in BlackRock Corporate High Yield Fund in the third quarter worth about $719,000. Finally, Jane Street Group LLC bought a new position in BlackRock Corporate High Yield Fund in the 2nd quarter valued at about $573,000.

Insider Buying and Selling

In other news, Portfolio Manager David Delbos bought 100,000 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was purchased at an average cost of $8.68 per share, for a total transaction of $868,000.00. Following the completion of the transaction, the portfolio manager directly owned 205,511 shares of the company’s stock, valued at approximately $1,783,835.48. This trade represents a 94.78% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

BlackRock Corporate High Yield Fund Price Performance

BlackRock Corporate High Yield Fund stock opened at $8.88 on Monday. BlackRock Corporate High Yield Fund, Inc. has a 52 week low of $7.84 and a 52 week high of $10.02. The company’s 50-day moving average price is $9.01 and its two-hundred day moving average price is $9.34.

BlackRock Corporate High Yield Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.0779 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a yield of 10.5%.

BlackRock Corporate High Yield Fund 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.