HighTower Advisors LLC Acquires 63,720 Shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

HighTower Advisors LLC boosted its holdings in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 80.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 143,237 shares of the investment management company’s stock after acquiring an additional 63,720 shares during the period. HighTower Advisors LLC’s holdings in BlackRock Corporate High Yield Fund were worth $1,438,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. CWM LLC increased its holdings in shares of BlackRock Corporate High Yield Fund by 17.5% in the third 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 stake 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 valued at $87,000 after buying an additional 3,782 shares during the last quarter. Cullen Frost Bankers Inc. raised 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 valued at $97,000 after acquiring an additional 5,000 shares during the period. Sanctuary Advisors LLC bought a new position in BlackRock Corporate High Yield Fund in the 2nd quarter valued at about $106,000. Finally, Tyler Stone Wealth Management lifted its position in BlackRock Corporate High Yield Fund by 100.0% during the third quarter. Tyler Stone Wealth Management now owns 10,648 shares of the investment management company’s stock worth $107,000 after acquiring an additional 5,324 shares during the last quarter.

BlackRock Corporate High Yield Fund Stock Performance

Shares of NYSE:HYT opened at $9.96 on Monday. BlackRock Corporate High Yield Fund, Inc. has a 12-month low of $9.13 and a 12-month high of $10.16. The business has a 50 day moving average of $9.91 and a 200-day moving average of $9.85.

BlackRock Corporate High Yield Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 16th will be paid a $0.0779 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.93 annualized dividend and a yield of 9.39%.

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.