Penserra Capital Management LLC Takes $6.56 Million Position in BlackRock Corporate High Yield Fund, Inc. $HYT

Penserra Capital Management LLC purchased a new position in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 690,043 shares of the investment management company’s stock, valued at approximately $6,555,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its holdings in BlackRock Corporate High Yield Fund by 10,460.0% in the 2nd quarter. Allworth Financial LP now owns 5,280 shares of the investment management company’s stock valued at $51,000 after purchasing an additional 5,230 shares in the last quarter. TFC Financial Management Inc. acquired a new stake in shares of BlackRock Corporate High Yield Fund in the 3rd quarter valued at approximately $50,000. Ameritas Advisory Services LLC purchased a new stake in shares of BlackRock Corporate High Yield Fund in the second quarter valued at approximately $75,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in BlackRock Corporate High Yield Fund during the third quarter worth $96,000. Finally, L.K. Benson & Company P.C. grew its holdings in BlackRock Corporate High Yield Fund by 12.3% during the second quarter. L.K. Benson & Company P.C. now owns 14,035 shares of the investment management company’s stock worth $137,000 after acquiring an additional 1,540 shares during the period.

BlackRock Corporate High Yield Fund Price Performance

BlackRock Corporate High Yield Fund stock opened at $8.81 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 business has a fifty day moving average of $9.02 and a two-hundred day moving average of $9.35.

BlackRock Corporate High Yield Fund Announces Dividend

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. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 10.6%.

Insider Activity at BlackRock Corporate High Yield Fund

In related news, Portfolio Manager David Delbos acquired 100,000 shares of the firm’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 completion of the acquisition, the portfolio manager owned 205,511 shares in the company, valued at approximately $1,783,835.48. This represents a 94.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

BlackRock Corporate High Yield Fund Profile

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.