Apollon Wealth Management LLC Has $1.03 Million Position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Apollon Wealth Management LLC reduced its stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 105,452 shares of the investment management company’s stock after selling 1,518 shares during the quarter. Apollon Wealth Management LLC’s holdings in BlackRock Corporate High Yield Fund were worth $1,034,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in HYT. Pathway Financial Advisers LLC boosted its holdings in shares of BlackRock Corporate High Yield Fund by 950.2% during 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 acquired a new stake in BlackRock Corporate High Yield Fund in the third quarter valued at approximately $33,316,000. MML Investors Services LLC lifted its stake in BlackRock Corporate High Yield Fund by 42.7% in the third quarter. MML Investors Services LLC now owns 250,496 shares of the investment management company’s stock valued at $2,520,000 after acquiring an additional 74,997 shares during the last quarter. HighTower Advisors LLC raised its position in shares of BlackRock Corporate High Yield Fund by 80.1% in the third quarter. HighTower Advisors LLC now owns 143,237 shares of the investment management company’s stock valued at $1,438,000 after purchasing an additional 63,720 shares during the period. Finally, Cornerstone Advisors LLC bought a new position in shares of BlackRock Corporate High Yield Fund in the third quarter valued at approximately $628,000.

BlackRock Corporate High Yield Fund Price Performance

NYSE:HYT opened at $9.87 on Wednesday. BlackRock Corporate High Yield Fund, Inc. has a 12 month low of $9.21 and a 12 month high of $10.16. The company’s 50 day moving average is $9.83 and its 200-day moving average is $9.88.

BlackRock Corporate High Yield Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.0779 per share. This represents a $0.93 dividend on an annualized basis and a yield of 9.48%. The ex-dividend date of this dividend is Friday, February 14th.

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.