Pathway Financial Advisers LLC Sells 1,685,275 Shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Pathway Financial Advisers LLC decreased its stake in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 89.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 191,011 shares of the investment management company’s stock after selling 1,685,275 shares during the period. Pathway Financial Advisers LLC’s holdings in BlackRock Corporate High Yield Fund were worth $1,874,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Sanctuary Advisors LLC boosted its holdings in BlackRock Corporate High Yield Fund by 20.7% in the third quarter. Sanctuary Advisors LLC now owns 13,239 shares of the investment management company’s stock valued at $131,000 after acquiring an additional 2,271 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of BlackRock Corporate High Yield Fund in the 3rd quarter valued at $33,316,000. Janney Montgomery Scott LLC increased its position in shares of BlackRock Corporate High Yield Fund by 5.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 145,958 shares of the investment management company’s stock worth $1,432,000 after buying an additional 7,242 shares during the period. HighTower Advisors LLC increased its position in shares of BlackRock Corporate High Yield Fund by 80.1% during the third quarter. HighTower Advisors LLC now owns 143,237 shares of the investment management company’s stock worth $1,438,000 after buying an additional 63,720 shares during the period. Finally, Brookstone Capital Management raised its stake in BlackRock Corporate High Yield Fund by 34.7% during the third quarter. Brookstone Capital Management now owns 20,808 shares of the investment management company’s stock worth $209,000 after buying an additional 5,365 shares during the last quarter.

BlackRock Corporate High Yield Fund Price Performance

Shares of NYSE HYT opened at $9.85 on Thursday. BlackRock Corporate High Yield Fund, Inc. has a twelve month low of $9.21 and a twelve month high of $10.16. The firm has a fifty day simple moving average of $9.83 and a 200 day simple moving average of $9.88.

BlackRock Corporate High Yield Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.0779 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 9.49%. The ex-dividend date is Friday, February 14th.

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.