335,159 Shares in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new stake in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 335,159 shares of the investment management company’s stock, valued at approximately $33,316,000.

A number of other institutional investors have also recently bought and sold shares of the business. Brookstone Capital Management bought a new position in shares of BlackRock Corporate High Yield Fund in the 1st quarter worth $153,000. Simplicity Wealth LLC bought a new position in BlackRock Corporate High Yield Fund during the second quarter worth about $364,000. Atomi Financial Group Inc. boosted its holdings in BlackRock Corporate High Yield Fund by 39.4% during the first quarter. Atomi Financial Group Inc. now owns 18,750 shares of the investment management company’s stock worth $184,000 after buying an additional 5,300 shares during the last quarter. Cetera Advisors LLC increased its stake in shares of BlackRock Corporate High Yield Fund by 30.0% in the 1st quarter. Cetera Advisors LLC now owns 130,683 shares of the investment management company’s stock valued at $1,279,000 after acquiring an additional 30,141 shares during the last quarter. Finally, Kovack Advisors Inc. increased its stake in shares of BlackRock Corporate High Yield Fund by 20.5% in the 1st quarter. Kovack Advisors Inc. now owns 45,210 shares of the investment management company’s stock valued at $443,000 after acquiring an additional 7,700 shares during the last quarter.

BlackRock Corporate High Yield Fund Price Performance

BlackRock Corporate High Yield Fund stock opened at $9.87 on Tuesday. The company’s 50 day simple moving average is $9.95 and its 200 day simple moving average is $9.80. BlackRock Corporate High Yield Fund, Inc. has a fifty-two week low of $8.28 and a fifty-two week high of $10.16.

BlackRock Corporate High Yield Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.0779 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 9.47%.

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.