Lake Street Private Wealth LLC Lowers Position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Lake Street Private Wealth LLC decreased its holdings in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 392,400 shares of the investment management company’s stock after selling 45,900 shares during the quarter. Lake Street Private Wealth LLC’s holdings in BlackRock Corporate High Yield Fund were worth $3,849,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Pathway Financial Advisers LLC lifted its stake in BlackRock Corporate High Yield Fund by 950.2% during the third quarter. Pathway Financial Advisers LLC now owns 1,876,286 shares of the investment management company’s stock worth $187,000 after purchasing an additional 1,697,620 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of BlackRock Corporate High Yield Fund during the 3rd quarter valued at about $33,316,000. Cetera Investment Advisers lifted its position in BlackRock Corporate High Yield Fund by 2.7% in the 2nd quarter. Cetera Investment Advisers now owns 269,937 shares of the investment management company’s stock worth $2,616,000 after buying an additional 7,164 shares during the last quarter. Private Advisor Group LLC boosted its stake in BlackRock Corporate High Yield Fund by 6.6% in the third quarter. Private Advisor Group LLC now owns 250,503 shares of the investment management company’s stock worth $2,520,000 after buying an additional 15,533 shares in the last quarter. Finally, MML Investors Services LLC grew its position in BlackRock Corporate High Yield Fund by 42.7% during the third quarter. MML Investors Services LLC now owns 250,496 shares of the investment management company’s stock valued at $2,520,000 after acquiring an additional 74,997 shares during the last quarter.

BlackRock Corporate High Yield Fund Price Performance

HYT stock opened at $9.79 on Friday. BlackRock Corporate High Yield Fund, Inc. has a one year low of $9.21 and a one year high of $10.16. The company’s 50 day moving average price is $9.85 and its two-hundred day moving average price is $9.86.

BlackRock Corporate High Yield Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.0779 dividend. This represents a $0.93 annualized dividend and a yield of 9.55%. The ex-dividend date of this dividend is Wednesday, January 15th.

About BlackRock Corporate High Yield Fund

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.