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

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

Several other hedge funds also recently added to or reduced their stakes in HYT. Lake Street Private Wealth LLC grew its position in shares of BlackRock Corporate High Yield Fund by 22.9% in the 1st quarter. Lake Street Private Wealth LLC now owns 401,550 shares of the investment management company’s stock valued at $3,931,000 after buying an additional 74,700 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of BlackRock Corporate High Yield Fund by 2.2% during the first quarter. Commonwealth Equity Services LLC now owns 384,709 shares of the investment management company’s stock worth $3,766,000 after purchasing an additional 8,256 shares during the last quarter. Cetera Investment Advisers increased its position in shares of BlackRock Corporate High Yield Fund by 2.7% during the second 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 in the last quarter. Private Advisor Group LLC lifted its holdings in shares of BlackRock Corporate High Yield Fund by 8.2% in the 2nd quarter. Private Advisor Group LLC now owns 234,970 shares of the investment management company’s stock valued at $2,277,000 after purchasing an additional 17,820 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of BlackRock Corporate High Yield Fund by 100.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 188,002 shares of the investment management company’s stock valued at $1,841,000 after purchasing an additional 94,261 shares during the last quarter.

BlackRock Corporate High Yield Fund Stock Performance

NYSE:HYT opened at $9.92 on Tuesday. BlackRock Corporate High Yield Fund, Inc. has a 52-week low of $8.18 and a 52-week high of $10.16. The stock’s 50 day moving average price is $9.94 and its 200 day moving average price is $9.80.

BlackRock Corporate High Yield Fund Announces Dividend

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

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.