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

Activest Wealth Management cut its position in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 197,516 shares of the investment management company’s stock after selling 4,296 shares during the period. BlackRock Corporate High Yield Fund comprises 0.6% of Activest Wealth Management’s portfolio, making the stock its 23rd biggest position. Activest Wealth Management’s holdings in BlackRock Corporate High Yield Fund were worth $1,987,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CWM LLC raised its holdings in shares of BlackRock Corporate High Yield Fund by 17.5% in the third 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 in the last quarter. Concourse Financial Group Securities Inc. raised its stake in BlackRock Corporate High Yield Fund by 77.2% in 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 in the last quarter. Cullen Frost Bankers Inc. lifted its stake in shares of BlackRock Corporate High Yield Fund by 100.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 10,000 shares of the investment management company’s stock worth $97,000 after purchasing an additional 5,000 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of BlackRock Corporate High Yield Fund during the second quarter valued at about $106,000. Finally, Tyler Stone Wealth Management boosted its holdings in shares of BlackRock Corporate High Yield Fund by 100.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 10,648 shares of the investment management company’s stock valued at $107,000 after buying an additional 5,324 shares in the last quarter.

BlackRock Corporate High Yield Fund Price Performance

HYT traded down $0.05 during trading on Thursday, hitting $9.83. The stock had a trading volume of 12,595 shares, compared to its average volume of 434,161. The stock has a 50 day simple moving average of $9.93 and a two-hundred day simple moving average of $9.84. BlackRock Corporate High Yield Fund, Inc. has a twelve month low of $8.55 and a twelve month high of $10.16.

BlackRock Corporate High Yield Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders 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 dividend on an annualized basis and a dividend yield of 9.51%.

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.