Riverbridge Partners LLC Purchases Shares of 69,422 BlackRock Corporate High Yield Fund, Inc. $HYT

Riverbridge Partners LLC acquired a new stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 69,422 shares of the investment management company’s stock, valued at approximately $591,000.

Several other hedge funds also recently made changes to their positions in the business. Krilogy Financial LLC bought a new stake in shares of BlackRock Corporate High Yield Fund in the 1st quarter worth approximately $101,000. Robbins Farley boosted its holdings in BlackRock Corporate High Yield Fund by 17.6% during the first quarter. Robbins Farley now owns 165,336 shares of the investment management company’s stock worth $1,409,000 after buying an additional 24,696 shares in the last quarter. World Investment Advisors grew its position in BlackRock Corporate High Yield Fund by 11.3% in the fourth quarter. World Investment Advisors now owns 24,978 shares of the investment management company’s stock worth $222,000 after buying an additional 2,528 shares during the last quarter. Corient Private Wealth LLC grew its position in BlackRock Corporate High Yield Fund by 19.2% in the fourth quarter. Corient Private Wealth LLC now owns 24,245 shares of the investment management company’s stock worth $216,000 after buying an additional 3,904 shares during the last quarter. Finally, NWF Advisory Services Inc. bought a new position in shares of BlackRock Corporate High Yield Fund in the fourth quarter valued at $142,000.

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BlackRock Corporate High Yield Fund Trading Down 0.3%

Shares of NYSE:HYT opened at $8.45 on Thursday. BlackRock Corporate High Yield Fund, Inc. has a one year low of $8.22 and a one year high of $9.88. The stock has a fifty day moving average of $8.59 and a 200-day moving average of $8.74.

BlackRock Corporate High Yield Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.0779 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%.

BlackRock Corporate High Yield Fund Company Profile

(Free Report)

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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