Carnegie Capital Asset Management LLC decreased its holdings in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT – Get Rating) by 17.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,153 shares of the investment management company’s stock after selling 2,634 shares during the period. Carnegie Capital Asset Management LLC’s holdings in BlackRock Corporate High Yield Fund were worth $131,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Andrew Hill Investment Advisors Inc. bought a new position in shares of BlackRock Corporate High Yield Fund during the fourth quarter valued at approximately $50,000. EverSource Wealth Advisors LLC bought a new position in shares of BlackRock Corporate High Yield Fund during the fourth quarter valued at approximately $59,000. Future Financial Wealth Managment LLC bought a new position in shares of BlackRock Corporate High Yield Fund during the fourth quarter valued at approximately $61,000. Tyler Stone Wealth Management bought a new position in shares of BlackRock Corporate High Yield Fund during the fourth quarter valued at approximately $66,000. Finally, MML Investors Services LLC bought a new position in shares of BlackRock Corporate High Yield Fund during the third quarter valued at approximately $130,000.
Shares of NYSE HYT opened at $9.64 on Friday. The company has a 50 day simple moving average of $10.00 and a two-hundred day simple moving average of $10.75. BlackRock Corporate High Yield Fund, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $12.69.
The company also recently declared a monthly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be given a dividend of $0.0779 per share. This represents a $0.93 annualized dividend and a dividend yield of 9.70%. The ex-dividend date is Tuesday, June 14th.
About BlackRock Corporate High Yield Fund (Get Rating)
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.
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