Brave Asset Management Inc. Trims Stake in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Brave Asset Management Inc. lowered its position in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,000 shares of the investment management company’s stock after selling 2,000 shares during the quarter. Brave Asset Management Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $216,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CWM LLC lifted its holdings in shares of BlackRock Corporate High Yield Fund by 17.5% in the 3rd quarter. CWM LLC now owns 7,221 shares of the investment management company’s stock valued at $73,000 after acquiring an additional 1,074 shares during the last quarter. Concourse Financial Group Securities Inc. lifted its stake in shares of BlackRock Corporate High Yield Fund by 77.2% during the third quarter. Concourse Financial Group Securities Inc. now owns 8,682 shares of the investment management company’s stock worth $87,000 after buying an additional 3,782 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of BlackRock Corporate High Yield Fund in the 2nd quarter valued at $106,000. Tyler Stone Wealth Management grew its stake in shares of BlackRock Corporate High Yield Fund by 100.0% during the 3rd quarter. Tyler Stone Wealth Management now owns 10,648 shares of the investment management company’s stock worth $107,000 after purchasing an additional 5,324 shares during the period. Finally, J.W. Cole Advisors Inc. acquired a new position in shares of BlackRock Corporate High Yield Fund during the 2nd quarter worth approximately $158,000.

BlackRock Corporate High Yield Fund Stock Up 0.4 %

Shares of HYT opened at $9.80 on Thursday. The firm’s fifty day moving average is $9.86 and its two-hundred day moving average is $9.86. BlackRock Corporate High Yield Fund, Inc. has a 52-week low of $9.21 and a 52-week high of $10.16.

BlackRock Corporate High Yield Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $0.0779 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.93 dividend on an annualized basis and a yield of 9.54%.

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.