Melfa Wealth Management Inc. Sells 3,725 Shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Melfa Wealth Management Inc. trimmed its holdings in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 81,801 shares of the investment management company’s stock after selling 3,725 shares during the period. Melfa Wealth Management Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $802,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. CWM LLC raised its stake in shares of BlackRock Corporate High Yield Fund by 17.5% during the 3rd quarter. CWM LLC now owns 7,221 shares of the investment management company’s stock worth $73,000 after purchasing an additional 1,074 shares during the period. RDA Financial Network boosted its position in BlackRock Corporate High Yield Fund by 0.8% during the third quarter. RDA Financial Network now owns 165,659 shares of the investment management company’s stock worth $1,667,000 after purchasing an additional 1,325 shares during the period. Sanctuary Advisors LLC increased its stake in shares of BlackRock Corporate High Yield Fund by 20.7% in the third quarter. Sanctuary Advisors LLC now owns 13,239 shares of the investment management company’s stock worth $131,000 after purchasing an additional 2,271 shares in the last quarter. Future Financial Wealth Managment LLC raised its position in shares of BlackRock Corporate High Yield Fund by 4.5% in the third quarter. Future Financial Wealth Managment LLC now owns 56,561 shares of the investment management company’s stock valued at $569,000 after purchasing an additional 2,417 shares during the period. Finally, Atomi Financial Group Inc. lifted its stake in shares of BlackRock Corporate High Yield Fund by 11.9% during the 3rd quarter. Atomi Financial Group Inc. now owns 23,000 shares of the investment management company’s stock valued at $231,000 after buying an additional 2,450 shares in the last quarter.

BlackRock Corporate High Yield Fund Trading Up 0.3 %

BlackRock Corporate High Yield Fund stock opened at $9.81 on Wednesday. The firm has a 50 day simple moving average of $9.84 and a 200 day simple moving average of $9.87. BlackRock Corporate High Yield Fund, Inc. has a 1-year low of $9.21 and a 1-year high of $10.16.

BlackRock Corporate High Yield Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.0779 dividend. This represents a $0.93 annualized dividend and a dividend yield of 9.53%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.