B. Riley Wealth Advisors Inc. Takes Position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

B. Riley Wealth Advisors Inc. acquired a new stake in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) in the 4th quarter, Holdings Channel reports. The firm acquired 10,300 shares of the investment management company’s stock, valued at approximately $97,000.

Several other hedge funds also recently modified their holdings of the stock. Activest Wealth Management acquired a new stake in BlackRock Corporate High Yield Fund in the 4th quarter valued at $30,000. McGlone Suttner Wealth Management Inc. acquired a new stake in BlackRock Corporate High Yield Fund in the 4th quarter valued at $82,000. Camelot Portfolios LLC acquired a new stake in BlackRock Corporate High Yield Fund in the 4th quarter valued at $106,000. Stratos Wealth Partners LTD. grew its position in BlackRock Corporate High Yield Fund by 26.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 14,245 shares of the investment management company’s stock valued at $134,000 after purchasing an additional 2,996 shares during the period. Finally, Principal Securities Inc. acquired a new stake in BlackRock Corporate High Yield Fund in the 4th quarter valued at $134,000.

BlackRock Corporate High Yield Fund Price Performance

NYSE HYT opened at $9.69 on Friday. The company has a fifty day simple moving average of $9.73 and a 200 day simple moving average of $9.64. BlackRock Corporate High Yield Fund, Inc. has a 12-month low of $8.18 and a 12-month high of $9.96.

BlackRock Corporate High Yield Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.0779 per share. This represents a $0.93 dividend on an annualized basis and a yield of 9.65%. The ex-dividend date was Friday, June 14th.

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.