Covenant Asset Management LLC Acquires 12,874 Shares of BlackRock Corporate High Yield Fund, Inc. (HYT)

Covenant Asset Management LLC grew its position in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 7.3% during the fourth quarter, Holdings Channel reports. The fund owned 188,529 shares of the investment management company’s stock after purchasing an additional 12,874 shares during the quarter. BlackRock Corporate High Yield Fund comprises 1.2% of Covenant Asset Management LLC’s portfolio, making the stock its 25th biggest holding. Covenant Asset Management LLC’s holdings in BlackRock Corporate High Yield Fund were worth $2,063,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in BlackRock Corporate High Yield Fund by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,155,811 shares of the investment management company’s stock worth $35,440,000 after acquiring an additional 58,578 shares during the last quarter. NINE MASTS CAPITAL Ltd boosted its holdings in BlackRock Corporate High Yield Fund by 129.7% during the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 75,100 shares of the investment management company’s stock worth $823,000 after acquiring an additional 42,400 shares during the last quarter. CLS Investments LLC boosted its holdings in BlackRock Corporate High Yield Fund by 11.3% during the 3rd quarter. CLS Investments LLC now owns 353,346 shares of the investment management company’s stock worth $3,993,000 after acquiring an additional 35,948 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in BlackRock Corporate High Yield Fund by 9.9% during the 2nd quarter. Wells Fargo & Company MN now owns 1,029,462 shares of the investment management company’s stock worth $11,283,000 after acquiring an additional 92,575 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in BlackRock Corporate High Yield Fund by 124.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 84,154 shares of the investment management company’s stock worth $922,000 after acquiring an additional 46,647 shares during the last quarter.

BlackRock Corporate High Yield Fund, Inc. (HYT) traded up $0.06 on Friday, reaching $11.05. 223,100 shares of the company’s stock were exchanged, compared to its average volume of 484,775. BlackRock Corporate High Yield Fund, Inc. has a 1 year low of $10.60 and a 1 year high of $11.47.

The company also recently disclosed a monthly dividend, which was paid on Tuesday, January 9th. Shareholders of record on Friday, December 29th were issued a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 7.60%. The ex-dividend date was Thursday, December 28th.

In related news, Director Catherine A. Lynch purchased 4,826 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The shares were bought at an average cost of $10.98 per share, with a total value of $52,989.48. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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BlackRock Corporate High Yield Fund Profile

BlackRock Corporate High Yield Fund, Inc is a diversified, closed-end management investment company. The Trust’s primary investment objective is to provide shareholders with current income. The Trust’s secondary investment objective is to provide shareholders with capital appreciation. The Trust seeks to achieve its objectives by investing primarily in a diversified portfolio of fixed income securities, which are rated below investment grade or, if unrated, are considered by the investment advisor to be of comparable quality.

Want to see what other hedge funds are holding HYT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT).

Institutional Ownership by Quarter for BlackRock Corporate High Yield Fund (NYSE:HYT)

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