13,000 Shares in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Purchased by Magnus Financial Group LLC

Magnus Financial Group LLC bought a new stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,000 shares of the investment management company’s stock, valued at approximately $128,000.

A number of other institutional investors also recently added to or reduced their stakes in HYT. Pathway Financial Advisers LLC grew its stake in BlackRock Corporate High Yield Fund by 950.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,876,286 shares of the investment management company’s stock worth $187,000 after buying an additional 1,697,620 shares during the last quarter. Lake Street Private Wealth LLC raised its stake in shares of BlackRock Corporate High Yield Fund by 0.9% during the 3rd quarter. Lake Street Private Wealth LLC now owns 438,300 shares of the investment management company’s stock valued at $4,409,000 after buying an additional 3,800 shares during the last quarter. International Assets Investment Management LLC purchased a new position in BlackRock Corporate High Yield Fund during the third quarter valued at approximately $33,316,000. Cetera Investment Advisers lifted its stake in shares of BlackRock Corporate High Yield Fund by 2.7% in the 2nd quarter. Cetera Investment Advisers now owns 269,937 shares of the investment management company’s stock valued at $2,616,000 after purchasing an additional 7,164 shares during the period. Finally, Private Advisor Group LLC raised its position in shares of BlackRock Corporate High Yield Fund by 6.6% in the third quarter. Private Advisor Group LLC now owns 250,503 shares of the investment management company’s stock worth $2,520,000 after acquiring an additional 15,533 shares during the period.

BlackRock Corporate High Yield Fund Trading Up 0.6 %

Shares of HYT stock opened at $9.84 on Friday. BlackRock Corporate High Yield Fund, Inc. has a 12-month low of $9.21 and a 12-month high of $10.16. The business’s 50 day moving average is $9.84 and its two-hundred day moving average is $9.87.

BlackRock Corporate High Yield Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.0779 per share. This represents a $0.93 annualized dividend and a yield of 9.50%. The ex-dividend date is Wednesday, January 15th.

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.