Absolute Investment Advisers LLC Purchases Shares of 1,191,864 BlackRock Corporate High Yield Fund, Inc. $HYT

Absolute Investment Advisers LLC acquired a new stake in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) in the first quarter, HoldingsChannel reports. The fund acquired 1,191,864 shares of the investment management company’s stock, valued at approximately $10,155,000.

Other institutional investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of BlackRock Corporate High Yield Fund in the third quarter valued at approximately $28,000. Kestra Advisory Services LLC acquired a new stake in shares of BlackRock Corporate High Yield Fund during the 4th quarter worth about $33,000. EverSource Wealth Advisors LLC lifted its stake in shares of BlackRock Corporate High Yield Fund by 47.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 4,354 shares of the investment management company’s stock worth $39,000 after buying an additional 1,399 shares during the last quarter. Harbour Investments Inc. increased its stake in shares of BlackRock Corporate High Yield Fund by 634.7% during the fourth quarter. Harbour Investments Inc. now owns 7,935 shares of the investment management company’s stock worth $71,000 after purchasing an additional 6,855 shares during the period. Finally, Larson Financial Group LLC grew its holdings in BlackRock Corporate High Yield Fund by 127.6% in the 3rd quarter. Larson Financial Group LLC now owns 7,966 shares of the investment management company’s stock valued at $76,000 after buying an additional 4,466 shares in the last quarter.

BlackRock Corporate High Yield Fund Stock Performance

Shares of NYSE:HYT opened at $8.49 on Monday. BlackRock Corporate High Yield Fund, Inc. has a 12-month low of $8.22 and a 12-month high of $9.88. The company’s 50 day moving average price is $8.58 and its two-hundred day moving average price is $8.73.

BlackRock Corporate High Yield Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.0779 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock Corporate High Yield Fund Company 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.