Blackrock Corporate High Yield Fund Inc (HYT) Position Trimmed by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC lowered its position in Blackrock Corporate High Yield Fund Inc (NYSE:HYT) by 20.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,793 shares of the investment management company’s stock after selling 6,966 shares during the period. Cetera Advisor Networks LLC’s holdings in Blackrock Corporate High Yield Fund were worth $293,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of HYT. Ameriprise Financial Inc. boosted its holdings in Blackrock Corporate High Yield Fund by 124.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 84,154 shares of the investment management company’s stock worth $922,000 after buying an additional 46,647 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Blackrock Corporate High Yield Fund by 8.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 15,561 shares of the investment management company’s stock worth $170,000 after buying an additional 1,176 shares during the period. Royal Bank of Canada boosted its holdings in Blackrock Corporate High Yield Fund by 64.1% in the 2nd quarter. Royal Bank of Canada now owns 160,372 shares of the investment management company’s stock worth $1,758,000 after buying an additional 62,632 shares during the period. First Trust Advisors LP bought a new position in Blackrock Corporate High Yield Fund in the 3rd quarter worth $215,000. Finally, Sunbelt Securities Inc. bought a new position in Blackrock Corporate High Yield Fund in the 3rd quarter worth $158,000.

In related news, Director Catherine A. Lynch acquired 4,826 shares of the company’s stock in a transaction on Tuesday, December 26th. The stock was acquired at an average price of $10.98 per share, with a total value of $52,989.48. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider James Keenan acquired 50,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were bought at an average cost of $10.66 per share, with a total value of $533,000.00. The disclosure for this purchase can be found here.

Blackrock Corporate High Yield Fund Inc (NYSE HYT) opened at $10.63 on Thursday. Blackrock Corporate High Yield Fund Inc has a 1-year low of $10.46 and a 1-year high of $11.47.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 7.90%. The ex-dividend date of this dividend is Wednesday, February 14th.

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Blackrock Corporate High Yield Fund Company Profile

BlackRock Corporate High Yield Fund, Inc is a diversified, closed-end management investment company. The Trust’s primary investment objective is to provide shareholders with current income. The Trust’s secondary investment objective is to provide shareholders with capital appreciation. The Trust seeks to achieve its objectives by investing primarily in a diversified portfolio of fixed income securities, which are rated below investment grade or, if unrated, are considered by the investment advisor to be of comparable quality.

Institutional Ownership by Quarter for Blackrock Corporate High Yield Fund (NYSE:HYT)

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