Covenant Asset Management LLC Increases Stock Position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Covenant Asset Management LLC increased its holdings in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 158,900 shares of the investment management company’s stock after buying an additional 3,513 shares during the period. Covenant Asset Management LLC’s holdings in BlackRock Corporate High Yield Fund were worth $1,599,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Pathway Financial Advisers LLC lifted its stake in BlackRock Corporate High Yield Fund by 950.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,876,286 shares of the investment management company’s stock worth $187,000 after purchasing an additional 1,697,620 shares in the last quarter. Lake Street Private Wealth LLC raised its position in shares of BlackRock Corporate High Yield Fund by 0.9% in the third quarter. Lake Street Private Wealth LLC now owns 438,300 shares of the investment management company’s stock worth $4,409,000 after buying an additional 3,800 shares in the last quarter. International Assets Investment Management LLC bought a new stake in BlackRock Corporate High Yield Fund during the third quarter valued at $33,316,000. Cetera Investment Advisers grew its position in 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 buying an additional 7,164 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in BlackRock Corporate High Yield Fund by 6.6% in the 3rd 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 last quarter.

BlackRock Corporate High Yield Fund Trading Up 0.3 %

Shares of HYT opened at $9.86 on Friday. BlackRock Corporate High Yield Fund, Inc. has a 12-month low of $8.55 and a 12-month high of $10.16. The stock has a 50-day moving average price of $9.93 and a 200-day moving average price of $9.84.

BlackRock Corporate High Yield Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.0779 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.93 dividend on an annualized basis and a yield of 9.48%.

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.