Onyx Bridge Wealth Group LLC Acquires New Stake in BlackRock Corporate High Yield Fund, Inc. $HYT

Onyx Bridge Wealth Group LLC acquired a new position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 106,696 shares of the investment management company’s stock, valued at approximately $1,014,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Allworth Financial LP lifted its holdings in BlackRock Corporate High Yield Fund by 10,460.0% during the second quarter. Allworth Financial LP now owns 5,280 shares of the investment management company’s stock valued at $51,000 after purchasing an additional 5,230 shares in the last quarter. TFC Financial Management Inc. bought a new position in BlackRock Corporate High Yield Fund during the third quarter valued at approximately $50,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of BlackRock Corporate High Yield Fund during the 3rd quarter valued at approximately $96,000. Gerber Kawasaki Wealth & Investment Management purchased a new position in shares of BlackRock Corporate High Yield Fund in the 2nd quarter worth $156,000. Finally, Corient Private Wealth LLC grew its position in BlackRock Corporate High Yield Fund by 25.2% in the second quarter. Corient Private Wealth LLC now owns 18,112 shares of the investment management company’s stock worth $177,000 after acquiring an additional 3,643 shares in the last quarter.

BlackRock Corporate High Yield Fund Price Performance

NYSE HYT opened at $8.92 on Friday. BlackRock Corporate High Yield Fund, Inc. has a fifty-two week low of $7.84 and a fifty-two week high of $9.96. The business’s 50 day moving average price is $8.97 and its 200-day moving average price is $9.32.

BlackRock Corporate High Yield Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $0.0779 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a yield of 10.5%.

Insiders Place Their Bets

In other BlackRock Corporate High Yield Fund news, Portfolio Manager David Delbos bought 100,000 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was acquired at an average cost of $8.68 per share, for a total transaction of $868,000.00. Following the completion of the transaction, the portfolio manager owned 205,511 shares in the company, valued at $1,783,835.48. This trade represents a 94.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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.