Activest Wealth Management Acquires 33,309 Shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Activest Wealth Management raised its holdings in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYTFree Report) by 1,032.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,536 shares of the investment management company’s stock after purchasing an additional 33,309 shares during the period. Activest Wealth Management’s holdings in BlackRock Corporate High Yield Fund were worth $358,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HYT. Penserra Capital Management LLC bought a new position in BlackRock Corporate High Yield Fund during the 3rd quarter valued at approximately $8,715,000. McGowan Group Asset Management Inc. raised its position in shares of BlackRock Corporate High Yield Fund by 3.0% in the 3rd quarter. McGowan Group Asset Management Inc. now owns 3,381,559 shares of the investment management company’s stock worth $29,183,000 after acquiring an additional 99,663 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of BlackRock Corporate High Yield Fund in the 4th quarter worth approximately $753,000. Lake Street Private Wealth LLC raised 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 worth $3,931,000 after acquiring an additional 74,700 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of BlackRock Corporate High Yield Fund by 321.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 93,741 shares of the investment management company’s stock worth $884,000 after acquiring an additional 71,502 shares in the last quarter.

BlackRock Corporate High Yield Fund Stock Up 0.9 %

Shares of NYSE:HYT traded up $0.09 during trading on Tuesday, hitting $9.79. The stock had a trading volume of 174,389 shares, compared to its average volume of 429,406. BlackRock Corporate High Yield Fund, Inc. has a 12 month low of $8.18 and a 12 month high of $9.96. The firm’s fifty day moving average is $9.71 and its 200 day moving average is $9.46.

BlackRock Corporate High Yield Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a $0.0779 dividend. This represents a $0.93 annualized dividend and a dividend yield of 9.55%. The ex-dividend date is Tuesday, May 14th.

BlackRock Corporate High Yield Fund Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for BlackRock Corporate High Yield Fund (NYSE:HYT)

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