LPL Financial LLC Reduces Stock Position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Posted by Defense World Staff on May 18th, 2023

LPL Financial LLC trimmed its position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT – Get Rating) by 48.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 429,746 shares of the investment management company’s stock after selling 405,741 shares during the quarter. LPL Financial LLC’s holdings in BlackRock Corporate High Yield Fund were worth $3,756,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC lifted its holdings in shares of BlackRock Corporate High Yield Fund by 299,100.0% in the fourth quarter. CWM LLC now owns 5,984 shares of the investment management company’s stock worth $52,000 after buying an additional 5,982 shares in the last quarter. AE Wealth Management LLC purchased a new stake in shares of BlackRock Corporate High Yield Fund in the fourth quarter worth $92,000. Clear Creek Financial Management LLC purchased a new stake in shares of BlackRock Corporate High Yield Fund in the fourth quarter worth $98,000. Advisors Capital Management LLC raised its position in shares of BlackRock Corporate High Yield Fund by 13.6% in the third quarter. Advisors Capital Management LLC now owns 13,291 shares of the investment management company’s stock worth $117,000 after buying an additional 1,591 shares in the last quarter. Finally, Shaker Financial Services LLC purchased a new stake in shares of BlackRock Corporate High Yield Fund in the third quarter worth $160,000.

BlackRock Corporate High Yield Fund Trading Up 0.2 %

Shares of HYT stock opened at $8.43 on Thursday. The business’s fifty day moving average is $8.60 and its 200 day moving average is $8.83. BlackRock Corporate High Yield Fund, Inc. has a 52-week low of $8.13 and a 52-week high of $10.50.

BlackRock Corporate High Yield Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 15th will be paid a $0.0779 dividend. This represents a $0.93 dividend on an annualized basis and a yield of 11.09%. The ex-dividend date is Friday, May 12th.

About BlackRock Corporate High Yield Fund

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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.