Brave Asset Management Inc. Lowers Stock Holdings in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Brave Asset Management Inc. cut its holdings in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 8.3% during the fourth quarter, Holdings Channel reports. The firm owned 22,000 shares of the investment management company’s stock after selling 2,000 shares during the quarter. Brave Asset Management Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $216,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of HYT. Sanctuary Advisors LLC increased its stake in BlackRock Corporate High Yield Fund by 20.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 13,239 shares of the investment management company’s stock worth $131,000 after buying an additional 2,271 shares during the period. International Assets Investment Management LLC acquired a new position in shares of BlackRock Corporate High Yield Fund in the third quarter worth $33,316,000. Janney Montgomery Scott LLC increased its position in shares of BlackRock Corporate High Yield Fund by 4.7% during the third quarter. Janney Montgomery Scott LLC now owns 138,716 shares of the investment management company’s stock worth $1,395,000 after acquiring an additional 6,172 shares during the period. HighTower Advisors LLC raised its stake 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 acquiring an additional 63,720 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new position in BlackRock Corporate High Yield Fund in the second quarter valued at $158,000.

BlackRock Corporate High Yield Fund Price Performance

HYT opened at $9.80 on Thursday. The business has a fifty day moving average price of $9.86 and a 200 day moving average price of $9.86. BlackRock Corporate High Yield Fund, Inc. has a 12 month low of $9.21 and a 12 month high of $10.16.

BlackRock Corporate High Yield Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $0.0779 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 9.54%.

BlackRock Corporate High Yield Fund 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.