BlackRock Corporate High Yield Fund, Inc. $HYT Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. decreased its holdings in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 70.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,487 shares of the investment management company’s stock after selling 88,479 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $356,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Granite Investment Partners LLC raised its position in BlackRock Corporate High Yield Fund by 2.0% in the second quarter. Granite Investment Partners LLC now owns 53,839 shares of the investment management company’s stock valued at $525,000 after purchasing an additional 1,076 shares during the period. Presper Financial Architects LLC grew its stake in shares of BlackRock Corporate High Yield Fund by 1.3% in the third quarter. Presper Financial Architects LLC now owns 83,187 shares of the investment management company’s stock valued at $790,000 after buying an additional 1,108 shares in the last quarter. Investmark Advisory Group LLC raised its holdings in shares of BlackRock Corporate High Yield Fund by 2.9% during the 3rd quarter. Investmark Advisory Group LLC now owns 40,525 shares of the investment management company’s stock valued at $385,000 after buying an additional 1,125 shares during the period. Purus Wealth Management LLC raised its holdings in shares of BlackRock Corporate High Yield Fund by 5.6% during the 3rd quarter. Purus Wealth Management LLC now owns 23,794 shares of the investment management company’s stock valued at $226,000 after buying an additional 1,257 shares during the period. Finally, Brookstone Capital Management lifted its position in BlackRock Corporate High Yield Fund by 9.1% during the 2nd quarter. Brookstone Capital Management now owns 20,669 shares of the investment management company’s stock worth $202,000 after acquiring an additional 1,716 shares in the last quarter.

Insider Transactions at BlackRock Corporate High Yield Fund

In other news, Portfolio Manager David Delbos purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were purchased at an average price of $8.68 per share, with a total value of $868,000.00. Following the purchase, the portfolio manager directly owned 205,511 shares of the company’s stock, valued at approximately $1,783,835.48. This represents a 94.78% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

BlackRock Corporate High Yield Fund Stock Performance

NYSE HYT opened at $8.94 on Thursday. BlackRock Corporate High Yield Fund, Inc. has a fifty-two week low of $7.84 and a fifty-two week high of $9.96. The business has a 50 day moving average price of $8.98 and a two-hundred day moving average price of $9.32.

BlackRock Corporate High Yield Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.0779 per share. This represents a c) dividend on an annualized basis and a 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.