Concourse Financial Group Securities Inc. Purchases 2,773 Shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Concourse Financial Group Securities Inc. grew its position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 31.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,455 shares of the investment management company’s stock after buying an additional 2,773 shares during the quarter. Concourse Financial Group Securities Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $113,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Larson Financial Group LLC lifted its position in shares of BlackRock Corporate High Yield Fund by 228.0% during the fourth quarter. Larson Financial Group LLC now owns 3,500 shares of the investment management company’s stock worth $34,000 after purchasing an additional 2,433 shares in the last quarter. Jackson Hole Capital Partners LLC bought a new position in BlackRock Corporate High Yield Fund in the 4th quarter worth approximately $99,000. Gladstone Institutional Advisory LLC bought a new position in BlackRock Corporate High Yield Fund in the 4th quarter valued at $100,000. Magnus Financial Group LLC acquired a new stake in shares of BlackRock Corporate High Yield Fund in the 4th quarter valued at $128,000. Finally, Sanctuary Advisors LLC raised its position in shares of BlackRock Corporate High Yield Fund by 20.7% during the third quarter. Sanctuary Advisors LLC now owns 13,239 shares of the investment management company’s stock worth $131,000 after acquiring an additional 2,271 shares during the last quarter.

BlackRock Corporate High Yield Fund Stock Up 1.1 %

Shares of HYT opened at $9.50 on Friday. The stock’s fifty day simple moving average is $9.47 and its 200-day simple moving average is $9.73. BlackRock Corporate High Yield Fund, Inc. has a 12-month low of $7.84 and a 12-month high of $10.16.

BlackRock Corporate High Yield Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.0779 per share. This represents a $0.93 annualized dividend and a dividend yield of 9.85%. The ex-dividend date is Tuesday, April 15th.

BlackRock Corporate High Yield Fund Company Profile

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.