BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Holdings Decreased by UBS Group AG

UBS Group AG reduced its stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT – Get Rating) by 33.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 732,235 shares of the investment management company’s stock after selling 371,019 shares during the quarter. UBS Group AG’s holdings in BlackRock Corporate High Yield Fund were worth $6,400,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Advisors Capital Management LLC grew its stake in BlackRock Corporate High Yield Fund by 13.6% during the 3rd quarter. Advisors Capital Management LLC now owns 13,291 shares of the investment management company’s stock worth $117,000 after buying an additional 1,591 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in BlackRock Corporate High Yield Fund by 5.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 64,369 shares of the investment management company’s stock worth $693,000 after acquiring an additional 3,581 shares during the period. CWM LLC boosted its position in BlackRock Corporate High Yield Fund by 299,100.0% during the 4th quarter. CWM LLC now owns 5,984 shares of the investment management company’s stock worth $52,000 after acquiring an additional 5,982 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of BlackRock Corporate High Yield Fund by 5.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 133,482 shares of the investment management company’s stock valued at $1,167,000 after buying an additional 6,669 shares during the period. Finally, IFP Advisors Inc lifted its holdings in shares of BlackRock Corporate High Yield Fund by 42.6% in the third quarter. IFP Advisors Inc now owns 30,150 shares of the investment management company’s stock valued at $361,000 after buying an additional 9,000 shares during the period.

BlackRock Corporate High Yield Fund Stock Performance

Shares of BlackRock Corporate High Yield Fund stock opened at $8.42 on Friday. The business has a fifty day simple moving average of $8.60 and a 200-day simple moving average of $8.83. BlackRock Corporate High Yield Fund, Inc. has a fifty-two week low of $8.13 and a fifty-two week high of $10.50.

BlackRock Corporate High Yield Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th will be issued a dividend of $0.0779 per share. This represents a $0.93 annualized dividend and a dividend yield of 11.10%. The ex-dividend date of this dividend is Friday, May 12th.

BlackRock Corporate High Yield Fund Company Profile

(Get Rating)

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.