Geneos Wealth Management Inc. Boosts Stock Holdings in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Geneos Wealth Management Inc. lifted its stake in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 14.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,995 shares of the investment management company’s stock after purchasing an additional 5,347 shares during the period. Geneos Wealth Management Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $421,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its position in shares of BlackRock Corporate High Yield Fund by 100.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 188,002 shares of the investment management company’s stock worth $1,841,000 after purchasing an additional 94,261 shares during the last quarter. Concourse Financial Group Securities Inc. increased its stake in BlackRock Corporate High Yield Fund by 132.5% in the first quarter. Concourse Financial Group Securities Inc. now owns 12,485 shares of the investment management company’s stock valued at $122,000 after purchasing an additional 7,114 shares during the last quarter. Hartline Investment Corp acquired a new stake in BlackRock Corporate High Yield Fund during the first quarter worth approximately $121,000. Commonwealth Equity Services LLC boosted its position in shares of BlackRock Corporate High Yield Fund by 2.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 384,709 shares of the investment management company’s stock valued at $3,766,000 after purchasing an additional 8,256 shares during the period. Finally, Mesirow Financial Investment Management Inc. purchased a new position in BlackRock Corporate High Yield Fund during the 1st quarter worth approximately $300,000.

BlackRock Corporate High Yield Fund Stock Performance

Shares of HYT opened at $9.76 on Friday. The company’s 50 day simple moving average is $9.74 and its 200-day simple moving average is $9.67. BlackRock Corporate High Yield Fund, Inc. has a 12-month low of $8.18 and a 12-month high of $9.96.

BlackRock Corporate High Yield Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a $0.0779 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 9.58%.

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.