Brookstone Capital Management Acquires New Shares in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Brookstone Capital Management bought a new stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) during the first quarter, Holdings Channel.com reports. The fund bought 15,632 shares of the investment management company’s stock, valued at approximately $153,000.

Several other institutional investors have also recently made changes to their positions in HYT. Activest Wealth Management bought a new stake in BlackRock Corporate High Yield Fund during the 4th quarter worth approximately $30,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of BlackRock Corporate High Yield Fund in the fourth quarter worth $82,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of BlackRock Corporate High Yield Fund in the fourth quarter worth $97,000. Camelot Portfolios LLC bought a new stake in BlackRock Corporate High Yield Fund during the fourth quarter valued at $106,000. Finally, Principal Securities Inc. purchased a new position in BlackRock Corporate High Yield Fund during the fourth quarter worth about $134,000.

BlackRock Corporate High Yield Fund Stock Performance

Shares of NYSE HYT opened at $9.68 on Thursday. The stock’s 50-day simple moving average is $9.73 and its two-hundred day simple moving average is $9.65. BlackRock Corporate High Yield Fund, Inc. has a twelve month low of $8.18 and a twelve month high of $9.96.

BlackRock Corporate High Yield Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a $0.0779 dividend. This represents a $0.93 dividend on an annualized basis and a yield of 9.66%. The ex-dividend date of this dividend is Monday, July 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.