Covenant Asset Management LLC Buys 7,998 Shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Covenant Asset Management LLC grew its position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,898 shares of the investment management company’s stock after purchasing an additional 7,998 shares during the period. Covenant Asset Management LLC’s holdings in BlackRock Corporate High Yield Fund were worth $1,637,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC boosted its position in shares of 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 valued at $73,000 after acquiring an additional 1,074 shares during the period. Concourse Financial Group Securities Inc. increased its stake in shares of BlackRock Corporate High Yield Fund by 77.2% in the third quarter. Concourse Financial Group Securities Inc. now owns 8,682 shares of the investment management company’s stock worth $87,000 after buying an additional 3,782 shares during the period. Gladstone Institutional Advisory LLC purchased a new position in BlackRock Corporate High Yield Fund during the 4th quarter valued at $100,000. Sanctuary Advisors LLC purchased a new position in BlackRock Corporate High Yield Fund during the 2nd quarter valued at $106,000. Finally, Tyler Stone Wealth Management boosted its holdings in shares of BlackRock Corporate High Yield Fund by 100.0% during the 3rd quarter. Tyler Stone Wealth Management now owns 10,648 shares of the investment management company’s stock valued at $107,000 after buying an additional 5,324 shares in the last quarter.

BlackRock Corporate High Yield Fund Trading Down 0.4 %

Shares of BlackRock Corporate High Yield Fund stock opened at $9.91 on Friday. BlackRock Corporate High Yield Fund, Inc. has a 1 year low of $9.21 and a 1 year high of $10.16. The firm’s 50-day moving average is $9.83 and its 200 day moving average is $9.88.

BlackRock Corporate High Yield Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.0779 dividend. This represents a $0.93 annualized dividend and a yield of 9.44%. The ex-dividend date of this dividend is Friday, February 14th.

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.