BlackRock Corporate High Yield Fund (NYSE:HYT) Stock Crosses Above 50 Day Moving Average of $9.77

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.77 and traded as high as $9.93. BlackRock Corporate High Yield Fund shares last traded at $9.91, with a volume of 375,603 shares trading hands.

BlackRock Corporate High Yield Fund Price Performance

The company’s fifty day simple moving average is $9.77 and its 200 day simple moving average is $9.72.

BlackRock Corporate High Yield Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a $0.0779 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.93 annualized dividend and a dividend yield of 9.43%.

Hedge Funds Weigh In On BlackRock Corporate High Yield Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. acquired a new position in shares of BlackRock Corporate High Yield Fund in the fourth quarter valued at $97,000. Cullen Frost Bankers Inc. boosted its position in shares of BlackRock Corporate High Yield Fund by 100.0% in the second quarter. Cullen Frost Bankers Inc. now owns 10,000 shares of the investment management company’s stock valued at $97,000 after acquiring an additional 5,000 shares during the period. Hartline Investment Corp bought a new stake in shares of BlackRock Corporate High Yield Fund in the first quarter valued at about $121,000. Concourse Financial Group Securities Inc. boosted its position in shares of BlackRock Corporate High Yield Fund by 132.5% in the first quarter. Concourse Financial Group Securities Inc. now owns 12,485 shares of the investment management company’s stock valued at $122,000 after acquiring an additional 7,114 shares during the period. Finally, Cornerstone Wealth Group LLC bought a new stake in shares of BlackRock Corporate High Yield Fund in the first quarter valued at about $132,000.

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.