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

Kovack Advisors Inc. raised its position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 20.5% during the first quarter, Holdings Channel reports. The firm owned 45,210 shares of the investment management company’s stock after buying an additional 7,700 shares during the quarter. Kovack Advisors Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $443,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HYT. Activest Wealth Management purchased a new position in shares of BlackRock Corporate High Yield Fund in the fourth quarter valued at approximately $30,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of BlackRock Corporate High Yield Fund during the fourth quarter worth $82,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of BlackRock Corporate High Yield Fund in the fourth quarter valued at $97,000. Camelot Portfolios LLC purchased a new position in BlackRock Corporate High Yield Fund in the fourth quarter valued at $106,000. Finally, Cornerstone Wealth Group LLC purchased a new position in BlackRock Corporate High Yield Fund in the first quarter valued at $132,000.

BlackRock Corporate High Yield Fund Price Performance

NYSE HYT traded down $0.02 during trading hours on Thursday, hitting $9.68. 374,124 shares of the company were exchanged, compared to its average volume of 401,689. The company 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 52-week low of $8.18 and a 52-week high of $9.96.

BlackRock Corporate High Yield Fund Announces Dividend

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

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.