Gladstone Institutional Advisory LLC Sells 22,066 Shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Posted by Defense World Staff on Apr 22nd, 2023

Gladstone Institutional Advisory LLC cut its stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT – Get Rating) by 63.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,956 shares of the investment management company’s stock after selling 22,066 shares during the period. Gladstone Institutional Advisory LLC’s holdings in BlackRock Corporate High Yield Fund were worth $113,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HYT. Raymond James Financial Services Advisors Inc. lifted its stake in BlackRock Corporate High Yield Fund by 14.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 87,187 shares of the investment management company’s stock valued at $939,000 after acquiring an additional 10,877 shares in the last quarter. Cetera Investment Advisers lifted its stake in BlackRock Corporate High Yield Fund by 37.9% during the 1st quarter. Cetera Investment Advisers now owns 46,908 shares of the investment management company’s stock valued at $505,000 after acquiring an additional 12,881 shares in the last quarter. Merit Financial Group LLC bought a new position in BlackRock Corporate High Yield Fund during the 1st quarter valued at $215,000. NewEdge Advisors LLC lifted its stake in BlackRock Corporate High Yield Fund by 12.1% during the 1st quarter. NewEdge Advisors LLC now owns 83,402 shares of the investment management company’s stock valued at $898,000 after acquiring an additional 9,000 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of BlackRock Corporate High Yield Fund by 13.8% during the 1st quarter. First Trust Advisors LP now owns 134,659 shares of the investment management company’s stock worth $1,450,000 after purchasing an additional 16,351 shares during the period.

BlackRock Corporate High Yield Fund Trading Up 0.7 %

NYSE HYT opened at $8.73 on Friday. BlackRock Corporate High Yield Fund, Inc. has a one year low of $8.13 and a one year high of $10.64. The business’s fifty day moving average is $8.72 and its 200-day moving average is $8.81.

BlackRock Corporate High Yield Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, April 14th will be paid a dividend of $0.0779 per share. This represents a $0.93 dividend on an annualized basis and a dividend yield of 10.71%. The ex-dividend date of this dividend is Thursday, April 13th.

BlackRock Corporate High Yield Fund Company Profile

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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.