Kovack Advisors Inc. Boosts Holdings in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Kovack Advisors Inc. raised its holdings in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 16.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 58,510 shares of the investment management company’s stock after purchasing an additional 8,300 shares during the period. Kovack Advisors Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $574,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Private Advisor Group LLC increased its holdings in BlackRock Corporate High Yield Fund by 8.6% during the 4th quarter. Private Advisor Group LLC now owns 272,142 shares of the investment management company’s stock valued at $2,670,000 after acquiring an additional 21,639 shares in the last quarter. MML Investors Services LLC increased its holdings in BlackRock Corporate High Yield Fund by 42.7% during the 3rd 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. Whipplewood Advisors LLC purchased a new position in BlackRock Corporate High Yield Fund during the 4th quarter valued at about $2,325,000. RDA Financial Network increased its holdings in BlackRock Corporate High Yield Fund by 6.0% during the 4th quarter. RDA Financial Network now owns 175,609 shares of the investment management company’s stock valued at $1,723,000 after acquiring an additional 9,950 shares in the last quarter. Finally, Covenant Asset Management LLC increased its holdings in BlackRock Corporate High Yield Fund by 5.0% during the 4th quarter. Covenant Asset Management LLC now owns 166,898 shares of the investment management company’s stock valued at $1,637,000 after acquiring an additional 7,998 shares in the last quarter.

BlackRock Corporate High Yield Fund Trading Up 0.4 %

Shares of NYSE HYT opened at $9.87 on Friday. BlackRock Corporate High Yield Fund, Inc. has a 12 month low of $9.21 and a 12 month high of $10.16. The company has a 50-day simple moving average of $9.82 and a 200-day simple moving average of $9.88.

BlackRock Corporate High Yield Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.0779 per share. The ex-dividend date of this dividend was Friday, February 14th. 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.