RDA Financial Network Grows Stock Holdings in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

RDA Financial Network lifted its stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 175,609 shares of the investment management company’s stock after acquiring an additional 9,950 shares during the quarter. RDA Financial Network’s holdings in BlackRock Corporate High Yield Fund were worth $1,723,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC lifted its stake in BlackRock Corporate High Yield Fund by 17.5% in the third quarter. CWM LLC now owns 7,221 shares of the investment management company’s stock worth $73,000 after acquiring an additional 1,074 shares during the period. Concourse Financial Group Securities Inc. raised its holdings in shares of BlackRock Corporate High Yield Fund by 77.2% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 8,682 shares of the investment management company’s stock valued at $87,000 after purchasing an additional 3,782 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of BlackRock Corporate High Yield Fund in the 2nd quarter worth approximately $106,000. Tyler Stone Wealth Management lifted its position in shares of BlackRock Corporate High Yield Fund by 100.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 10,648 shares of the investment management company’s stock worth $107,000 after purchasing an additional 5,324 shares during the period. Finally, J.W. Cole Advisors Inc. bought a new position in shares of BlackRock Corporate High Yield Fund during the second quarter valued at approximately $158,000.

BlackRock Corporate High Yield Fund Price Performance

Shares of NYSE:HYT opened at $9.75 on Friday. The firm has a 50 day moving average of $9.85 and a 200 day moving average of $9.86. BlackRock Corporate High Yield Fund, Inc. has a 52 week low of $9.21 and a 52 week 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 9.59%. The ex-dividend date 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.