Wolverine Asset Management LLC Takes $719,000 Position in BlackRock Corporate High Yield Fund, Inc. $HYT

Wolverine Asset Management LLC purchased a new stake in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 75,677 shares of the investment management company’s stock, valued at approximately $719,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HYT. Wealth Enhancement Advisory Services LLC lifted its stake in BlackRock Corporate High Yield Fund by 53.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 43,016 shares of the investment management company’s stock valued at $421,000 after acquiring an additional 14,951 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in shares of BlackRock Corporate High Yield Fund during the 2nd quarter valued at $96,000. Magnus Financial Group LLC lifted its stake in shares of BlackRock Corporate High Yield Fund by 50.0% in the 2nd quarter. Magnus Financial Group LLC now owns 30,000 shares of the investment management company’s stock valued at $292,000 after purchasing an additional 10,000 shares during the last quarter. Uncommon Cents Investing LLC lifted its stake in shares of BlackRock Corporate High Yield Fund by 40.5% in the 2nd quarter. Uncommon Cents Investing LLC now owns 51,310 shares of the investment management company’s stock valued at $500,000 after purchasing an additional 14,800 shares during the last quarter. Finally, Covenant Asset Management LLC boosted its holdings in BlackRock Corporate High Yield Fund by 1.6% in the second quarter. Covenant Asset Management LLC now owns 175,024 shares of the investment management company’s stock worth $1,706,000 after purchasing an additional 2,684 shares in the last quarter.

BlackRock Corporate High Yield Fund Price Performance

BlackRock Corporate High Yield Fund stock opened at $8.90 on Friday. BlackRock Corporate High Yield Fund, Inc. has a one year low of $7.84 and a one year high of $10.02. The company’s fifty day moving average price is $9.16 and its two-hundred day moving average price is $9.44.

BlackRock Corporate High Yield Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.0779 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend is Friday, March 13th.

About BlackRock Corporate High Yield Fund

BlackRock Corporate High Yield Fund (NYSE: HYT) is a diversified, closed-end management investment company designed to offer investors exposure to the credit market’s higher-yielding segment. The fund primarily seeks to generate high current income by investing in below-investment-grade corporate debt securities across a broad range of industries. It may also allocate a portion of its assets to investment-grade bonds and cash equivalents, allowing for flexible portfolio positioning in response to market conditions.

HYT’s investment strategy emphasizes bottom-up credit research, focusing on issuers with strong cash flow potential and sound balance sheets relative to their high-yield peers.