Covenant Asset Management LLC Raises Stake in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Covenant Asset Management LLC grew its holdings in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 2.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 158,900 shares of the investment management company’s stock after acquiring an additional 3,513 shares during the quarter. Covenant Asset Management LLC’s holdings in BlackRock Corporate High Yield Fund were worth $1,599,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Pathway Financial Advisers LLC grew its holdings in shares of BlackRock Corporate High Yield Fund by 950.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,876,286 shares of the investment management company’s stock valued at $187,000 after purchasing an additional 1,697,620 shares during the last quarter. Lake Street Private Wealth LLC boosted its position in BlackRock Corporate High Yield Fund by 0.9% during the third quarter. Lake Street Private Wealth LLC now owns 438,300 shares of the investment management company’s stock valued at $4,409,000 after buying an additional 3,800 shares during the period. International Assets Investment Management LLC bought a new position in shares of BlackRock Corporate High Yield Fund during the third quarter valued at about $33,316,000. Cetera Investment Advisers increased its holdings in shares of BlackRock Corporate High Yield Fund by 2.7% in the second quarter. Cetera Investment Advisers now owns 269,937 shares of the investment management company’s stock worth $2,616,000 after buying an additional 7,164 shares during the period. Finally, Private Advisor Group LLC increased its holdings in shares of BlackRock Corporate High Yield Fund by 6.6% in the third quarter. Private Advisor Group LLC now owns 250,503 shares of the investment management company’s stock worth $2,520,000 after buying an additional 15,533 shares during the period.

BlackRock Corporate High Yield Fund Stock Performance

Shares of HYT stock opened at $9.86 on Friday. The business has a 50-day moving average of $9.93 and a 200 day moving average of $9.84. BlackRock Corporate High Yield Fund, Inc. has a 1-year low of $8.55 and a 1-year high of $10.16.

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 paid a dividend of $0.0779 per share. This represents a $0.93 dividend on an annualized basis and a dividend yield of 9.48%. 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.