Lake Street Private Wealth LLC Sells 45,900 Shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Lake Street Private Wealth LLC trimmed its position in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 10.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 392,400 shares of the investment management company’s stock after selling 45,900 shares during the quarter. Lake Street Private Wealth LLC’s holdings in BlackRock Corporate High Yield Fund were worth $3,849,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC lifted its stake 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 worth $131,000 after acquiring an additional 2,271 shares during the period. International Assets Investment Management LLC bought a new position in BlackRock Corporate High Yield Fund in the 3rd quarter worth $33,316,000. Janney Montgomery Scott LLC raised its holdings in BlackRock Corporate High Yield Fund by 4.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 138,716 shares of the investment management company’s stock worth $1,395,000 after purchasing an additional 6,172 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of BlackRock Corporate High Yield Fund by 80.1% in the 3rd quarter. HighTower Advisors LLC now owns 143,237 shares of the investment management company’s stock worth $1,438,000 after purchasing an additional 63,720 shares during the period. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of BlackRock Corporate High Yield Fund during the 2nd quarter valued at about $158,000.

BlackRock Corporate High Yield Fund Price Performance

HYT stock opened at $9.79 on Friday. BlackRock Corporate High Yield Fund, Inc. has a 1 year low of $9.21 and a 1 year high of $10.16. The firm has a 50-day moving average of $9.85 and a 200 day moving average of $9.86.

BlackRock Corporate High Yield Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.0779 dividend. This represents a $0.93 annualized dividend and a dividend yield of 9.55%. The ex-dividend date is Wednesday, January 15th.

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.