J.W. Cole Advisors Inc. Trims Position in BlackRock Corporate High Yield Fund, Inc. $HYT

J.W. Cole Advisors Inc. lowered its holdings in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 70.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,487 shares of the investment management company’s stock after selling 88,479 shares during the period. J.W. Cole Advisors Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $356,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HYT. TFC Financial Management Inc. purchased a new position in BlackRock Corporate High Yield Fund during the third quarter worth about $50,000. Allworth Financial LP increased its stake in shares of BlackRock Corporate High Yield Fund by 10,460.0% during the 2nd quarter. Allworth Financial LP now owns 5,280 shares of the investment management company’s stock valued at $51,000 after acquiring an additional 5,230 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of BlackRock Corporate High Yield Fund during the 3rd quarter worth about $96,000. Gerber Kawasaki Wealth & Investment Management acquired a new stake in shares of BlackRock Corporate High Yield Fund in the second quarter worth approximately $156,000. Finally, Corient Private Wealth LLC boosted its position in shares of BlackRock Corporate High Yield Fund by 25.2% in the second quarter. Corient Private Wealth LLC now owns 18,112 shares of the investment management company’s stock worth $177,000 after acquiring an additional 3,643 shares during the last quarter.

BlackRock Corporate High Yield Fund Stock Down 0.3%

Shares of HYT stock opened at $8.94 on Thursday. BlackRock Corporate High Yield Fund, Inc. has a one year low of $7.84 and a one year high of $9.96. The company has a 50 day moving average price of $8.98 and a 200 day moving average price of $9.32.

BlackRock Corporate High Yield Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.0779 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date is Friday, March 13th.

Insider Buying and Selling at BlackRock Corporate High Yield Fund

In other news, Portfolio Manager David Delbos bought 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were acquired at an average cost of $8.68 per share, with a total value of $868,000.00. Following the transaction, the portfolio manager owned 205,511 shares of the company’s stock, valued at $1,783,835.48. This represents a 94.78% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

BlackRock Corporate High Yield Fund Company Profile

BlackRock Corporate High Yield Fund (NYSE: HYT) is a diversified, closed-end management investment company designed to offer investors exposure to the credit market’s higher-yielding segment. The fund primarily seeks to generate high current income by investing in below-investment-grade corporate debt securities across a broad range of industries. It may also allocate a portion of its assets to investment-grade bonds and cash equivalents, allowing for flexible portfolio positioning in response to market conditions.

HYT’s investment strategy emphasizes bottom-up credit research, focusing on issuers with strong cash flow potential and sound balance sheets relative to their high-yield peers.