Truist Financial Corp Boosts Stock Holdings in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Truist Financial Corp increased its position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 75.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,743 shares of the investment management company’s stock after acquiring an additional 11,042 shares during the period. Truist Financial Corp’s holdings in BlackRock Corporate High Yield Fund were worth $253,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC purchased a new position in shares of BlackRock Corporate High Yield Fund in the fourth quarter worth $100,000. Tyler Stone Wealth Management raised its position in BlackRock Corporate High Yield Fund by 100.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 10,648 shares of the investment management company’s stock worth $107,000 after buying an additional 5,324 shares during the last quarter. Magnus Financial Group LLC purchased a new position in BlackRock Corporate High Yield Fund in the 4th quarter worth about $128,000. Sanctuary Advisors LLC lifted its stake in BlackRock Corporate High Yield Fund by 20.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 13,239 shares of the investment management company’s stock valued at $131,000 after acquiring an additional 2,271 shares during the period. Finally, Empirical Asset Management LLC bought a new stake in shares of BlackRock Corporate High Yield Fund in the fourth quarter worth approximately $196,000.

BlackRock Corporate High Yield Fund Stock Performance

HYT stock opened at $9.79 on Thursday. BlackRock Corporate High Yield Fund, Inc. has a 1 year low of $9.21 and a 1 year high of $10.16. The stock’s fifty day moving average price is $9.82 and its 200-day moving average price is $9.88.

BlackRock Corporate High Yield Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0779 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 9.55%.

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.