BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its position in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 933,125 shares of the investment management company’s stock after buying an additional 8,285 shares during the quarter. LPL Financial LLC’s holdings in BlackRock Corporate High Yield Fund were worth $9,154,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HYT. Whipplewood Advisors LLC acquired a new stake in shares of BlackRock Corporate High Yield Fund during the 4th quarter valued at about $2,325,000. Raymond James Financial Inc. acquired a new stake in BlackRock Corporate High Yield Fund in the fourth quarter valued at approximately $1,575,000. Steward Partners Investment Advisory LLC grew its holdings in BlackRock Corporate High Yield Fund by 358.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 196,846 shares of the investment management company’s stock valued at $1,931,000 after purchasing an additional 153,940 shares during the period. HUB Investment Partners LLC increased its position in shares of BlackRock Corporate High Yield Fund by 561.8% in the fourth quarter. HUB Investment Partners LLC now owns 167,871 shares of the investment management company’s stock valued at $1,647,000 after buying an additional 142,507 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in shares of BlackRock Corporate High Yield Fund by 42.7% during the 3rd quarter. MML Investors Services LLC now owns 250,496 shares of the investment management company’s stock worth $2,520,000 after buying an additional 74,997 shares during the period.

BlackRock Corporate High Yield Fund Price Performance

BlackRock Corporate High Yield Fund stock opened at $8.70 on Friday. The company’s fifty day moving average price is $9.73 and its 200 day moving average price is $9.83. BlackRock Corporate High Yield Fund, Inc. has a 1 year low of $8.57 and a 1 year high of $10.16.

BlackRock Corporate High Yield Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.0779 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 10.75%.

About BlackRock Corporate High Yield Fund

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.