Baird Financial Group Inc. Boosts Stock Position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Baird Financial Group Inc. increased its stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,547 shares of the investment management company’s stock after purchasing an additional 6,662 shares during the quarter. Baird Financial Group Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $928,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Truist Financial Corp boosted its stake in BlackRock Corporate High Yield Fund by 75.1% in the 4th quarter. Truist Financial Corp now owns 25,743 shares of the investment management company’s stock worth $253,000 after buying an additional 11,042 shares during the last quarter. LPL Financial LLC boosted its stake in BlackRock Corporate High Yield Fund by 0.9% in the 4th quarter. LPL Financial LLC now owns 933,125 shares of the investment management company’s stock worth $9,154,000 after buying an additional 8,285 shares during the last quarter. Wells Fargo & Company MN boosted its stake in BlackRock Corporate High Yield Fund by 21.2% in the 4th quarter. Wells Fargo & Company MN now owns 235,512 shares of the investment management company’s stock worth $2,310,000 after buying an additional 41,274 shares during the last quarter. Atria Wealth Solutions Inc. boosted its stake in BlackRock Corporate High Yield Fund by 4.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 65,055 shares of the investment management company’s stock worth $638,000 after buying an additional 2,530 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in BlackRock Corporate High Yield Fund by 5.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 145,958 shares of the investment management company’s stock worth $1,432,000 after buying an additional 7,242 shares during the last quarter.

BlackRock Corporate High Yield Fund Price Performance

Shares of NYSE:HYT opened at $9.70 on Thursday. The stock’s 50-day moving average price is $9.40 and its two-hundred day moving average price is $9.69. 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 Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a $0.0779 dividend. This represents a $0.93 dividend on an annualized basis and a yield of 9.64%. The ex-dividend date is Thursday, May 15th.

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.