Uncommon Cents Investing LLC Sells 2,292 Shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Uncommon Cents Investing LLC trimmed its holdings in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 5.7% in the first quarter, Holdings Channel reports. The institutional investor owned 37,810 shares of the investment management company’s stock after selling 2,292 shares during the period. Uncommon Cents Investing LLC’s holdings in BlackRock Corporate High Yield Fund were worth $370,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in HYT. Kovack Advisors Inc. raised its holdings in BlackRock Corporate High Yield Fund by 20.5% in the 1st quarter. Kovack Advisors Inc. now owns 45,210 shares of the investment management company’s stock valued at $443,000 after acquiring an additional 7,700 shares in the last quarter. Lake Street Private Wealth LLC increased its position in shares of BlackRock Corporate High Yield Fund by 22.9% in the first quarter. Lake Street Private Wealth LLC now owns 401,550 shares of the investment management company’s stock worth $3,931,000 after purchasing an additional 74,700 shares during the period. Cornerstone Wealth Group LLC acquired a new position in BlackRock Corporate High Yield Fund in the first quarter valued at about $132,000. Brookstone Capital Management acquired a new position in BlackRock Corporate High Yield Fund in the first quarter valued at about $153,000. Finally, Nomura Holdings Inc. bought a new stake in BlackRock Corporate High Yield Fund during the fourth quarter worth about $207,000.

BlackRock Corporate High Yield Fund Trading Down 0.2 %

BlackRock Corporate High Yield Fund stock traded down $0.02 during trading hours on Thursday, reaching $9.68. 374,204 shares of the stock were exchanged, compared to its average volume of 401,689. The stock has a 50 day moving average of $9.73 and a two-hundred day moving average of $9.65. BlackRock Corporate High Yield Fund, Inc. has a twelve month low of $8.18 and a twelve month high of $9.96.

BlackRock Corporate High Yield Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be given a $0.0779 dividend. This represents a $0.93 dividend on an annualized basis and a yield of 9.66%. The ex-dividend date of this dividend is Monday, July 15th.

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.