Pathway Financial Advisers LLC Buys 1,697,620 Shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Pathway Financial Advisers LLC lifted its stake in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 950.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,876,286 shares of the investment management company’s stock after acquiring an additional 1,697,620 shares during the period. Pathway Financial Advisers LLC’s holdings in BlackRock Corporate High Yield Fund were worth $187,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. bought a new position in BlackRock Corporate High Yield Fund in the fourth quarter worth about $97,000. Brookstone Capital Management purchased a new stake in BlackRock Corporate High Yield Fund during the first quarter valued at approximately $153,000. Cornerstone Wealth Group LLC purchased a new stake in BlackRock Corporate High Yield Fund during the first quarter valued at approximately $132,000. Lake Street Private Wealth LLC boosted its stake in BlackRock Corporate High Yield Fund by 22.9% in the first quarter. Lake Street Private Wealth LLC now owns 401,550 shares of the investment management company’s stock valued at $3,931,000 after acquiring an additional 74,700 shares in the last quarter. Finally, Kovack Advisors Inc. grew its holdings in BlackRock Corporate High Yield Fund by 20.5% in the first quarter. Kovack Advisors Inc. now owns 45,210 shares of the investment management company’s stock worth $443,000 after purchasing an additional 7,700 shares during the last quarter.

BlackRock Corporate High Yield Fund Trading Up 0.7 %

Shares of HYT opened at $9.89 on Friday. BlackRock Corporate High Yield Fund, Inc. has a 12 month low of $8.21 and a 12 month high of $10.16. The stock has a fifty day moving average price of $9.95 and a 200-day moving average price of $9.80.

BlackRock Corporate High Yield Fund Dividend Announcement

The firm 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 $0.0779 dividend. This represents a $0.93 dividend on an annualized basis and a yield of 9.45%. The ex-dividend date is Tuesday, October 15th.

About BlackRock Corporate High Yield Fund

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.