Rivernorth Capital Management LLC acquired a new position in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT – Free Report) in the 1st quarter, HoldingsChannel reports. The firm acquired 5,899,602 shares of the investment management company’s stock, valued at approximately $50,265,000. BlackRock Corporate High Yield Fund makes up approximately 2.5% of Rivernorth Capital Management LLC’s holdings, making the stock its 4th largest position.
Other hedge funds have also made changes to their positions in the company. Creative Planning increased its position in shares of BlackRock Corporate High Yield Fund by 6.8% during the third quarter. Creative Planning now owns 17,109 shares of the investment management company’s stock worth $163,000 after purchasing an additional 1,086 shares in the last quarter. Granite Investment Partners LLC boosted its position in BlackRock Corporate High Yield Fund by 2.1% during the fourth quarter. Granite Investment Partners LLC now owns 56,123 shares of the investment management company’s stock worth $499,000 after acquiring an additional 1,174 shares during the last quarter. Mariner LLC grew its stake in BlackRock Corporate High Yield Fund by 7.0% during the 4th quarter. Mariner LLC now owns 20,275 shares of the investment management company’s stock valued at $180,000 after acquiring an additional 1,321 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in 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 valued at $39,000 after acquiring an additional 1,399 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in BlackRock Corporate High Yield Fund by 6.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 26,080 shares of the investment management company’s stock worth $232,000 after purchasing an additional 1,665 shares in the last quarter.
BlackRock Corporate High Yield Fund Stock Performance
Shares of BlackRock Corporate High Yield Fund stock opened at $8.32 on Wednesday. The stock’s 50 day simple moving average is $8.52 and its 200-day simple moving average is $8.64. BlackRock Corporate High Yield Fund, Inc. has a 1-year low of $8.22 and a 1-year high of $9.88.
BlackRock Corporate High Yield Fund Dividend Announcement
About BlackRock Corporate High Yield Fund
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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