BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Shares Acquired by RDA Financial Network

RDA Financial Network lifted its position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 2.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 179,409 shares of the investment management company’s stock after buying an additional 3,800 shares during the quarter. RDA Financial Network’s holdings in BlackRock Corporate High Yield Fund were worth $1,719,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC boosted its holdings in BlackRock Corporate High Yield Fund by 228.0% during the 4th quarter. Larson Financial Group LLC now owns 3,500 shares of the investment management company’s stock valued at $34,000 after acquiring an additional 2,433 shares during the period. Jackson Hole Capital Partners LLC acquired a new stake in shares of BlackRock Corporate High Yield Fund during the fourth quarter worth about $99,000. Two Sigma Securities LLC purchased a new position in shares of BlackRock Corporate High Yield Fund in the fourth quarter valued at approximately $99,000. Gladstone Institutional Advisory LLC acquired a new position in shares of BlackRock Corporate High Yield Fund in the fourth quarter valued at approximately $100,000. Finally, Concourse Financial Group Securities Inc. grew its holdings in shares of BlackRock Corporate High Yield Fund by 31.9% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 11,455 shares of the investment management company’s stock valued at $113,000 after purchasing an additional 2,773 shares in the last quarter.

BlackRock Corporate High Yield Fund Stock Down 0.4%

Shares of HYT opened at $9.68 on Friday. BlackRock Corporate High Yield Fund, Inc. has a fifty-two week low of $7.84 and a fifty-two week high of $10.16. The firm’s 50 day moving average price is $9.40 and its 200 day moving average price is $9.66.

BlackRock Corporate High Yield Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.0779 per share. This represents a $0.93 dividend on an annualized basis and a dividend yield of 9.66%. The ex-dividend date of this dividend is Friday, June 13th.

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.