MML Investors Services LLC Purchases 55,204 Shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

MML Investors Services LLC lifted its position in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 22.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 305,700 shares of the investment management company’s stock after acquiring an additional 55,204 shares during the quarter. MML Investors Services LLC’s holdings in BlackRock Corporate High Yield Fund were worth $2,999,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HYT. Larson Financial Group LLC raised its holdings in BlackRock Corporate High Yield Fund by 228.0% during the 4th 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 last quarter. Jackson Hole Capital Partners LLC acquired a new stake in shares of BlackRock Corporate High Yield Fund during the 4th quarter worth approximately $99,000. Gladstone Institutional Advisory LLC bought a new stake in shares of BlackRock Corporate High Yield Fund during the fourth quarter worth approximately $100,000. Concourse Financial Group Securities Inc. lifted its holdings in BlackRock Corporate High Yield Fund by 31.9% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 11,455 shares of the investment management company’s stock valued at $113,000 after buying an additional 2,773 shares during the period. Finally, Magnus Financial Group LLC acquired a new position in BlackRock Corporate High Yield Fund in the fourth quarter valued at approximately $128,000.

BlackRock Corporate High Yield Fund Price Performance

Shares of HYT stock opened at $9.50 on Monday. The firm’s 50 day moving average price is $9.46 and its two-hundred day moving average price is $9.72. BlackRock Corporate High Yield Fund, Inc. has a 52-week low of $7.84 and a 52-week high of $10.16.

BlackRock Corporate High Yield Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a dividend of $0.0779 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 9.84%.

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.