J.W. Cole Advisors Inc. Acquires New Holdings in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

J.W. Cole Advisors Inc. bought a new position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,287 shares of the investment management company’s stock, valued at approximately $158,000.

Other hedge funds have also modified their holdings of the company. Cullen Frost Bankers Inc. raised its stake 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 acquiring an additional 5,000 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of BlackRock Corporate High Yield Fund in the 4th quarter worth $97,000. Hartline Investment Corp purchased a new position in BlackRock Corporate High Yield Fund during the 1st quarter worth $121,000. Concourse Financial Group Securities Inc. increased its position in BlackRock Corporate High Yield Fund by 132.5% during 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 buying an additional 7,114 shares in the last quarter. Finally, Cornerstone Wealth Group LLC purchased a new stake in BlackRock Corporate High Yield Fund in the first quarter valued at about $132,000.

BlackRock Corporate High Yield Fund Stock Performance

Shares of HYT stock opened at $9.92 on Friday. BlackRock Corporate High Yield Fund, Inc. has a fifty-two week low of $8.18 and a fifty-two week high of $10.16. The stock’s 50-day simple moving average is $9.86 and its 200-day simple moving average is $9.76.

BlackRock Corporate High Yield Fund Dividend Announcement

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

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.