J.W. Cole Advisors Inc. Buys 26,053 Shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

J.W. Cole Advisors Inc. boosted its stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 43.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,007 shares of the investment management company’s stock after purchasing an additional 26,053 shares during the period. J.W. Cole Advisors Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $844,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Covenant Asset Management LLC lifted its holdings in shares of BlackRock Corporate High Yield Fund by 5.0% during the 4th quarter. Covenant Asset Management LLC now owns 166,898 shares of the investment management company’s stock valued at $1,637,000 after buying an additional 7,998 shares during the period. Gladstone Institutional Advisory LLC purchased a new stake in BlackRock Corporate High Yield Fund during the fourth quarter valued at $100,000. Elm3 Financial Group LLC bought a new position in BlackRock Corporate High Yield Fund in the fourth quarter valued at about $293,000. Robbins Farley boosted its position in BlackRock Corporate High Yield Fund by 2.9% in the fourth quarter. Robbins Farley now owns 90,962 shares of the investment management company’s stock worth $892,000 after purchasing an additional 2,541 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of BlackRock Corporate High Yield Fund by 2.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 66,325 shares of the investment management company’s stock valued at $651,000 after purchasing an additional 1,711 shares during the period.

BlackRock Corporate High Yield Fund Stock Down 1.1 %

NYSE HYT opened at $9.80 on Wednesday. The company has a 50-day moving average price of $9.83 and a 200-day moving average price of $9.88. 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 Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.0779 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.93 annualized dividend and a yield of 9.54%.

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.