Thrivent Financial for Lutherans Lowers Position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Thrivent Financial for Lutherans reduced its position in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 10.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 242,408 shares of the investment management company’s stock after selling 27,000 shares during the period. Thrivent Financial for Lutherans’ holdings in BlackRock Corporate High Yield Fund were worth $2,349,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in HYT. B. Riley Wealth Advisors Inc. acquired a new stake in shares of BlackRock Corporate High Yield Fund in the 4th quarter valued at approximately $97,000. Cullen Frost Bankers Inc. boosted its position in shares of BlackRock Corporate High Yield Fund by 100.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 10,000 shares of the investment management company’s stock worth $97,000 after purchasing an additional 5,000 shares in the last quarter. Hartline Investment Corp acquired a new position in shares of BlackRock Corporate High Yield Fund during the 1st quarter worth $121,000. Concourse Financial Group Securities Inc. increased its holdings in shares of BlackRock Corporate High Yield Fund by 132.5% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 12,485 shares of the investment management company’s stock valued at $122,000 after purchasing an additional 7,114 shares in the last quarter. Finally, Cornerstone Wealth Group LLC acquired 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 Stock Up 1.2 %

Shares of BlackRock Corporate High Yield Fund stock opened at $10.06 on Tuesday. The company has a 50-day moving average of $9.88 and a two-hundred day moving average of $9.77. BlackRock Corporate High Yield Fund, Inc. has a 12-month low of $8.18 and a 12-month high of $10.16.

BlackRock Corporate High Yield Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a $0.0779 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.93 annualized dividend and a dividend yield of 9.29%.

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.