J.W. Cole Advisors Inc. Acquires 43,667 Shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

J.W. Cole Advisors Inc. lifted its holdings in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 268.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 59,954 shares of the investment management company’s stock after buying an additional 43,667 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $603,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC grew its holdings in shares of BlackRock Corporate High Yield Fund by 17.5% during the 3rd quarter. CWM LLC now owns 7,221 shares of the investment management company’s stock valued at $73,000 after purchasing an additional 1,074 shares during the last quarter. Concourse Financial Group Securities Inc. grew its holdings in BlackRock Corporate High Yield Fund by 77.2% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 8,682 shares of the investment management company’s stock worth $87,000 after acquiring an additional 3,782 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in BlackRock Corporate High Yield Fund by 100.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 10,000 shares of the investment management company’s stock worth $97,000 after acquiring an additional 5,000 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in BlackRock Corporate High Yield Fund in the 2nd quarter worth $106,000. Finally, Hartline Investment Corp bought a new stake in BlackRock Corporate High Yield Fund in the 1st quarter worth $121,000.

BlackRock Corporate High Yield Fund Price Performance

Shares of BlackRock Corporate High Yield Fund stock opened at $9.85 on Thursday. BlackRock Corporate High Yield Fund, Inc. has a 12-month low of $8.31 and a 12-month high of $10.16. The company’s fifty day simple moving average is $9.95 and its two-hundred day simple 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. Shareholders 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 yield of 9.49%. The ex-dividend date of this dividend is Tuesday, October 15th.

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.