AXS Investments LLC Makes New Investment in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

AXS Investments LLC bought a new position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) during the second quarter, Holdings Channel reports. The institutional investor bought 25,000 shares of the investment management company’s stock, valued at approximately $223,000.

A number of other large investors have also recently bought and sold shares of the business. McGowan Group Asset Management Inc. increased its stake in shares of BlackRock Corporate High Yield Fund by 2.5% in the second quarter. McGowan Group Asset Management Inc. now owns 3,281,896 shares of the investment management company’s stock valued at $29,275,000 after purchasing an additional 78,895 shares during the period. US Bancorp DE increased its stake in shares of BlackRock Corporate High Yield Fund by 56.6% in the second quarter. US Bancorp DE now owns 8,300 shares of the investment management company’s stock valued at $74,000 after purchasing an additional 3,000 shares during the period. Private Advisor Group LLC increased its stake in shares of BlackRock Corporate High Yield Fund by 2.3% in the second quarter. Private Advisor Group LLC now owns 188,534 shares of the investment management company’s stock valued at $1,684,000 after purchasing an additional 4,259 shares during the period. Cetera Advisors LLC increased its stake in shares of BlackRock Corporate High Yield Fund by 6.8% in the second quarter. Cetera Advisors LLC now owns 73,236 shares of the investment management company’s stock valued at $653,000 after purchasing an additional 4,672 shares during the period. Finally, Cetera Advisor Networks LLC increased its stake in shares of BlackRock Corporate High Yield Fund by 2.0% in the second quarter. Cetera Advisor Networks LLC now owns 123,155 shares of the investment management company’s stock valued at $1,099,000 after purchasing an additional 2,458 shares during the period.

BlackRock Corporate High Yield Fund Stock Performance

Shares of NYSE:HYT opened at $8.83 on Friday. The firm’s 50 day moving average is $8.63 and its two-hundred day moving average is $8.76. BlackRock Corporate High Yield Fund, Inc. has a 52 week low of $8.18 and a 52 week high of $9.49.

BlackRock Corporate High Yield Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.0779 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 10.59%.

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.