Tempus Wealth Planning LLC Makes New $854,000 Investment in BlackRock Corporate High Yield Fund, Inc. $HYT

Tempus Wealth Planning LLC acquired a new stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 89,900 shares of the investment management company’s stock, valued at approximately $854,000.

Several other hedge funds also recently made changes to their positions in HYT. Granite Investment Partners LLC lifted its stake in BlackRock Corporate High Yield Fund by 2.0% during 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 last quarter. Presper Financial Architects LLC increased its holdings 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 increased its holdings in shares of BlackRock Corporate High Yield Fund by 2.9% in the third 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 in the last quarter. Purus Wealth Management LLC lifted its position 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 acquiring an additional 1,257 shares during the last quarter. Finally, Brookstone Capital Management boosted its stake in shares of 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 acquired 100,000 shares of BlackRock Corporate High Yield Fund stock in a transaction on Tuesday, February 3rd. The stock was bought at an average cost of $8.68 per share, with a total value of $868,000.00. Following the completion of the purchase, the portfolio manager owned 205,511 shares of the company’s stock, valued at $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 at this hyperlink.

BlackRock Corporate High Yield Fund Stock Performance

Shares of NYSE HYT opened at $8.88 on Monday. The stock’s fifty day simple moving average is $9.01 and its 200 day simple moving average is $9.34. BlackRock Corporate High Yield Fund, Inc. has a 52-week low of $7.84 and a 52-week high of $10.02.

BlackRock Corporate High Yield Fund Dividend Announcement

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