BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Shares Bought by Kovack Advisors Inc.

Kovack Advisors Inc. raised its position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 16.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 58,510 shares of the investment management company’s stock after acquiring 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 also recently made changes to their positions in the company. Private Advisor Group LLC lifted its stake in shares of BlackRock Corporate High Yield Fund by 8.6% in the 4th quarter. Private Advisor Group LLC now owns 272,142 shares of the investment management company’s stock worth $2,670,000 after acquiring an additional 21,639 shares during the period. MML Investors Services LLC increased its holdings in shares of BlackRock Corporate High Yield Fund by 42.7% in 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 purchasing an additional 74,997 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of BlackRock Corporate High Yield Fund in the 4th quarter valued at about $2,325,000. RDA Financial Network increased its holdings in shares of BlackRock Corporate High Yield Fund by 6.0% in the 4th quarter. RDA Financial Network now owns 175,609 shares of the investment management company’s stock valued at $1,723,000 after purchasing an additional 9,950 shares in the last quarter. Finally, Covenant Asset Management LLC increased its holdings in shares of BlackRock Corporate High Yield Fund by 5.0% in 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 purchasing an additional 7,998 shares in the last quarter.

BlackRock Corporate High Yield Fund Trading Up 0.4 %

Shares of HYT opened at $9.87 on Friday. 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, Inc. has a 52-week low of $9.21 and a 52-week high of $10.16.

BlackRock Corporate High Yield Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.0779 dividend. 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%.

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.