International Assets Investment Management LLC raised its stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT – Free Report) by 55.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 227,377 shares of the investment management company’s stock after purchasing an additional 80,800 shares during the period. International Assets Investment Management LLC’s holdings in BlackRock Corporate High Yield Fund were worth $1,944,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Polar Asset Management Partners Inc. acquired a new position in shares of BlackRock Corporate High Yield Fund during the 3rd quarter worth about $2,031,000. Northwestern Mutual Wealth Management Co. boosted its holdings in BlackRock Corporate High Yield Fund by 122.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 253,818 shares of the investment management company’s stock worth $2,259,000 after buying an additional 139,603 shares during the last quarter. Paller Financial Services Inc acquired a new stake in BlackRock Corporate High Yield Fund in the 4th quarter worth about $1,384,000. TrueMark Investments LLC acquired a new stake in BlackRock Corporate High Yield Fund in the 1st quarter worth about $1,158,000. Finally, Ionic Capital Management LLC purchased a new stake in BlackRock Corporate High Yield Fund during the 4th quarter worth approximately $578,000.
BlackRock Corporate High Yield Fund Price Performance
Shares of BlackRock Corporate High Yield Fund stock opened at $8.52 on Monday. The business has a 50 day simple moving average of $8.57 and a two-hundred day simple moving average of $8.68. BlackRock Corporate High Yield Fund, Inc. has a 12 month low of $8.22 and a 12 month high of $9.88.
BlackRock Corporate High Yield Fund Announces Dividend
BlackRock Corporate High Yield Fund 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.
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