HighTower Advisors LLC Sells 78,235 Shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

HighTower Advisors LLC cut its holdings in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 54.6% in the 4th quarter, HoldingsChannel reports. The firm owned 65,002 shares of the investment management company’s stock after selling 78,235 shares during the quarter. HighTower Advisors LLC’s holdings in BlackRock Corporate High Yield Fund were worth $638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HYT. Larson Financial Group LLC boosted its position in BlackRock Corporate High Yield Fund by 228.0% during the fourth quarter. Larson Financial Group LLC now owns 3,500 shares of the investment management company’s stock worth $34,000 after purchasing an additional 2,433 shares during the period. Jackson Hole Capital Partners LLC purchased a new stake in shares of BlackRock Corporate High Yield Fund during the 4th quarter valued at $99,000. Gladstone Institutional Advisory LLC purchased a new position in shares of BlackRock Corporate High Yield Fund in the 4th quarter worth about $100,000. Magnus Financial Group LLC purchased a new stake in shares of BlackRock Corporate High Yield Fund in the 4th quarter valued at $128,000. Finally, Sanctuary Advisors LLC grew its position in BlackRock Corporate High Yield Fund by 20.7% during the 3rd 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 last quarter.

BlackRock Corporate High Yield Fund Trading Up 0.2 %

NYSE:HYT opened at $9.60 on Friday. BlackRock Corporate High Yield Fund, Inc. has a 52 week low of $9.21 and a 52 week high of $10.16. The company has a fifty day moving average of $9.78 and a 200 day moving average of $9.85.

BlackRock Corporate High Yield Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.0779 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 9.74%.

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.