Sanctuary Advisors LLC Takes $106,000 Position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Sanctuary Advisors LLC purchased a new position in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,968 shares of the investment management company’s stock, valued at approximately $106,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Creekside Partners purchased a new position in BlackRock Corporate High Yield Fund in the second quarter worth $587,000. Cetera Investment Advisers grew its stake in shares of BlackRock Corporate High Yield Fund by 2.7% during the 2nd quarter. Cetera Investment Advisers now owns 269,937 shares of the investment management company’s stock worth $2,616,000 after purchasing an additional 7,164 shares during the period. Pathway Financial Advisers LLC increased its holdings in shares of BlackRock Corporate High Yield Fund by 2.7% in the 2nd quarter. Pathway Financial Advisers LLC now owns 178,666 shares of the investment management company’s stock valued at $1,731,000 after purchasing an additional 4,757 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of BlackRock Corporate High Yield Fund in the second quarter valued at about $158,000. Finally, Choreo LLC acquired a new stake in shares of BlackRock Corporate High Yield Fund in the second quarter valued at about $518,000.

BlackRock Corporate High Yield Fund Stock Performance

Shares of HYT opened at $9.92 on Tuesday. BlackRock Corporate High Yield Fund, Inc. has a twelve month low of $8.18 and a twelve month high of $10.16. The firm’s 50-day moving average is $9.94 and its two-hundred day moving average is $9.80.

BlackRock Corporate High Yield Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a $0.0779 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 9.42%. The ex-dividend date of this dividend is Tuesday, October 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.