Blackrock Coporate High Yield Fund (NYSE:HYT) Stock Price Passes Below 200 Day Moving Average of $10.48

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Blackrock Coporate High Yield Fund (NYSE:HYT)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.48 and traded as low as $10.54. Blackrock Coporate High Yield Fund shares last traded at $10.60, with a volume of 6,935 shares.

The firm’s 50 day moving average is $10.54 and its two-hundred day moving average is $10.48.

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.072 per share. This represents a $0.86 annualized dividend and a yield of 8.14%. The ex-dividend date of this dividend is Friday, September 13th.

Institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG raised its holdings in Blackrock Coporate High Yield Fund by 1.4% during the 2nd quarter. UBS Group AG now owns 2,347,900 shares of the investment management company’s stock worth $25,169,000 after buying an additional 33,172 shares during the period. Morgan Stanley raised its holdings in Blackrock Coporate High Yield Fund by 2.2% during the 2nd quarter. Morgan Stanley now owns 1,870,870 shares of the investment management company’s stock worth $20,055,000 after buying an additional 40,373 shares during the period. Invesco Ltd. raised its holdings in Blackrock Coporate High Yield Fund by 1.7% during the 2nd quarter. Invesco Ltd. now owns 1,638,333 shares of the investment management company’s stock worth $17,563,000 after buying an additional 27,045 shares during the period. Wells Fargo & Company MN raised its holdings in Blackrock Coporate High Yield Fund by 33.1% during the 2nd quarter. Wells Fargo & Company MN now owns 1,296,571 shares of the investment management company’s stock worth $13,899,000 after buying an additional 322,137 shares during the period. Finally, Parametric Portfolio Associates LLC raised its holdings in Blackrock Coporate High Yield Fund by 2.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,243,487 shares of the investment management company’s stock worth $13,330,000 after buying an additional 31,492 shares during the period.

About Blackrock Coporate High Yield Fund (NYSE:HYT)

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.

See Also: Earnings Per Share

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