Landscape Capital Management L.L.C. Buys New Shares in BlackRock Corporate High Yield Fund, Inc. $HYT

Landscape Capital Management L.L.C. purchased a new stake in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 77,288 shares of the investment management company’s stock, valued at approximately $662,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rivernorth Capital Management LLC acquired a new position in shares of BlackRock Corporate High Yield Fund during the first quarter valued at about $50,265,000. McGowan Group Asset Management Inc. grew its position in BlackRock Corporate High Yield Fund by 0.5% during the fourth quarter. McGowan Group Asset Management Inc. now owns 3,797,228 shares of the investment management company’s stock worth $33,795,000 after buying an additional 17,062 shares in the last quarter. Invesco Ltd. increased its stake in BlackRock Corporate High Yield Fund by 12.5% during the fourth quarter. Invesco Ltd. now owns 1,632,966 shares of the investment management company’s stock valued at $14,533,000 after acquiring an additional 181,883 shares during the period. LPL Financial LLC increased its stake in BlackRock Corporate High Yield Fund by 12.9% during the fourth quarter. LPL Financial LLC now owns 1,363,639 shares of the investment management company’s stock valued at $12,136,000 after acquiring an additional 156,073 shares during the period. Finally, Absolute Investment Advisers LLC acquired a new position in BlackRock Corporate High Yield Fund in the 1st quarter valued at approximately $10,155,000.

BlackRock Corporate High Yield Fund Trading Up 0.4%

Shares of HYT stock opened at $8.26 on Monday. BlackRock Corporate High Yield Fund, Inc. has a 12 month low of $8.22 and a 12 month high of $9.61. The stock has a 50 day moving average of $8.44 and a two-hundred day moving average of $8.57.

BlackRock Corporate High Yield Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0779 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 11.3%.

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.