Brookstone Capital Management Trims Holdings in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Brookstone Capital Management decreased its position in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 26.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 15,384 shares of the investment management company’s stock after selling 5,424 shares during the quarter. Brookstone Capital Management’s holdings in BlackRock Corporate High Yield Fund were worth $151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in HYT. Pathway Financial Advisers LLC raised its position in shares of BlackRock Corporate High Yield Fund by 950.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,876,286 shares of the investment management company’s stock valued at $187,000 after purchasing an additional 1,697,620 shares during the period. International Assets Investment Management LLC bought a new stake in BlackRock Corporate High Yield Fund during the third quarter valued at about $33,316,000. MML Investors Services LLC lifted its position in shares of BlackRock Corporate High Yield Fund by 42.7% in 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 in the last quarter. HighTower Advisors LLC boosted its stake in shares of BlackRock Corporate High Yield Fund by 80.1% in the third quarter. HighTower Advisors LLC now owns 143,237 shares of the investment management company’s stock worth $1,438,000 after acquiring an additional 63,720 shares during the period. Finally, Cornerstone Advisors LLC purchased a new stake in shares of BlackRock Corporate High Yield Fund during the third quarter worth about $628,000.

BlackRock Corporate High Yield Fund Price Performance

Shares of HYT opened at $9.79 on Monday. BlackRock Corporate High Yield Fund, Inc. has a 12-month low of $9.21 and a 12-month high of $10.16. The business’s 50 day moving average is $9.85 and its 200 day moving average is $9.87.

BlackRock Corporate High Yield Fund Announces Dividend

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

BlackRock Corporate High Yield Fund 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.