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

SMH Capital Advisors Inc. cut its holdings in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 6.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,117 shares of the investment management company’s stock after selling 1,730 shares during the period. BlackRock Corporate High Yield Fund comprises approximately 0.8% of SMH Capital Advisors Inc.’s holdings, making the stock its 27th largest holding. SMH Capital Advisors Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of HYT. Pathway Financial Advisers LLC grew its holdings in 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 worth $187,000 after acquiring an additional 1,697,620 shares during the last quarter. International Assets Investment Management LLC bought a new position in BlackRock Corporate High Yield Fund in the 3rd quarter valued at $33,316,000. Cetera Investment Advisers boosted its holdings in BlackRock Corporate High Yield Fund by 358.0% in the first quarter. Cetera Investment Advisers now owns 262,773 shares of the investment management company’s stock valued at $2,573,000 after acquiring an additional 205,393 shares during the last quarter. Robbins Farley increased its position in BlackRock Corporate High Yield Fund by 864.1% in the second quarter. Robbins Farley now owns 83,798 shares of the investment management company’s stock worth $812,000 after purchasing an additional 75,106 shares during the period. Finally, Creekside Partners bought a new stake in BlackRock Corporate High Yield Fund during the 2nd quarter worth about $587,000.

BlackRock Corporate High Yield Fund Stock Performance

BlackRock Corporate High Yield Fund stock opened at $9.88 on Wednesday. BlackRock Corporate High Yield Fund, Inc. has a 1 year low of $8.55 and a 1 year high of $10.16. The company’s 50-day moving average is $9.94 and its two-hundred day moving average is $9.83.

BlackRock Corporate High Yield Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.0779 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.93 annualized dividend and a yield of 9.46%.

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.