BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lessened its stake in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 28.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 38,746 shares of the investment management company’s stock after selling 15,696 shares during the quarter. Stifel Financial Corp’s holdings in BlackRock Corporate High Yield Fund were worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its position 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 valued at $1,438,000 after buying an additional 63,720 shares in the last quarter. Walleye Capital LLC raised its holdings in shares of BlackRock Corporate High Yield Fund by 82.4% during the third quarter. Walleye Capital LLC now owns 35,373 shares of the investment management company’s stock valued at $356,000 after acquiring an additional 15,981 shares during the last quarter. Covenant Asset Management LLC lifted its holdings in BlackRock Corporate High Yield Fund by 2.3% in the 3rd quarter. Covenant Asset Management LLC now owns 158,900 shares of the investment management company’s stock valued at $1,599,000 after purchasing an additional 3,513 shares in the last quarter. Creekside Partners boosted its holdings in shares of BlackRock Corporate High Yield Fund by 17.1% during the 3rd quarter. Creekside Partners now owns 70,969 shares of the investment management company’s stock worth $714,000 after purchasing an additional 10,381 shares during the last quarter. Finally, Cornerstone Advisors LLC purchased a new stake in shares of BlackRock Corporate High Yield Fund in the third quarter valued at approximately $628,000.

BlackRock Corporate High Yield Fund Stock Performance

Shares of NYSE:HYT opened at $9.72 on Friday. The business has a fifty day moving average of $9.88 and a two-hundred day moving average of $9.85. BlackRock Corporate High Yield Fund, Inc. has a 52-week low of $9.21 and a 52-week high of $10.16.

BlackRock Corporate High Yield Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 16th were issued a $0.0779 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.93 annualized dividend and a yield of 9.62%.

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.