Capital Investment Advisors LLC Sells 25,947 Shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Capital Investment Advisors LLC reduced its position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 16.7% during the first quarter, HoldingsChannel reports. The firm owned 129,403 shares of the investment management company’s stock after selling 25,947 shares during the period. Capital Investment Advisors LLC’s holdings in BlackRock Corporate High Yield Fund were worth $1,240,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new position in BlackRock Corporate High Yield Fund during the fourth quarter worth $2,325,000. Invesco Ltd. boosted its stake in BlackRock Corporate High Yield Fund by 18.2% during the fourth quarter. Invesco Ltd. now owns 1,237,705 shares of the investment management company’s stock worth $12,142,000 after acquiring an additional 190,900 shares in the last quarter. Raymond James Financial Inc. bought a new position in BlackRock Corporate High Yield Fund during the fourth quarter worth $1,575,000. Steward Partners Investment Advisory LLC boosted its stake in BlackRock Corporate High Yield Fund by 358.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 196,846 shares of the investment management company’s stock worth $1,931,000 after acquiring an additional 153,940 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its stake in BlackRock Corporate High Yield Fund by 23.0% during the fourth quarter. Guggenheim Capital LLC now owns 775,043 shares of the investment management company’s stock worth $7,603,000 after acquiring an additional 145,035 shares in the last quarter.

BlackRock Corporate High Yield Fund Price Performance

Shares of NYSE HYT opened at $9.76 on Tuesday. BlackRock Corporate High Yield Fund, Inc. has a 12-month low of $7.84 and a 12-month high of $10.16. The company’s fifty day simple moving average is $9.41 and its 200 day simple moving average is $9.66.

BlackRock Corporate High Yield Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.0779 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.93 annualized dividend and a yield of 9.58%.

About BlackRock Corporate High Yield Fund

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.