SMH Capital Advisors Inc. Sells 1,730 Shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

SMH Capital Advisors Inc. reduced its stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 6.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,117 shares of the investment management company’s stock after selling 1,730 shares during the quarter. BlackRock Corporate High Yield Fund comprises 0.8% of SMH Capital Advisors Inc.’s portfolio, making the stock its 27th biggest position. SMH Capital Advisors Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Pathway Financial Advisers LLC raised its holdings in BlackRock Corporate High Yield Fund by 950.2% in the third quarter. Pathway Financial Advisers LLC now owns 1,876,286 shares of the investment management company’s stock worth $187,000 after purchasing an additional 1,697,620 shares during the period. 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. Cetera Investment Advisers raised its stake in BlackRock Corporate High Yield Fund by 358.0% during the 1st quarter. Cetera Investment Advisers now owns 262,773 shares of the investment management company’s stock worth $2,573,000 after buying an additional 205,393 shares during the period. Robbins Farley lifted its holdings in BlackRock Corporate High Yield Fund by 864.1% during the second quarter. Robbins Farley now owns 83,798 shares of the investment management company’s stock worth $812,000 after acquiring an additional 75,106 shares in the last quarter. Finally, Creekside Partners acquired a new position in BlackRock Corporate High Yield Fund in the second quarter valued at about $587,000.

BlackRock Corporate High Yield Fund Stock Up 0.5 %

NYSE HYT opened at $9.88 on Wednesday. BlackRock Corporate High Yield Fund, Inc. has a one year low of $8.55 and a one year high of $10.16. The stock’s 50-day moving average is $9.94 and its 200-day moving average is $9.83.

BlackRock Corporate High Yield Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.0779 per share. This represents a $0.93 annualized dividend and a dividend yield of 9.46%. The ex-dividend date of this dividend is Friday, November 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.