Saba Capital Management L.P. lifted its holdings in Blackrock Corporate High Yield Fund Inc (NYSE:HYT) by 137.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,987,005 shares of the investment management company’s stock after purchasing an additional 1,730,946 shares during the period. Blackrock Corporate High Yield Fund makes up approximately 1.8% of Saba Capital Management L.P.’s holdings, making the stock its 7th largest holding. Saba Capital Management L.P.’s holdings in Blackrock Corporate High Yield Fund were worth $31,632,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp purchased a new position in shares of Blackrock Corporate High Yield Fund in the fourth quarter worth about $141,000. Jane Street Group LLC purchased a new position in shares of Blackrock Corporate High Yield Fund in the fourth quarter worth about $192,000. Carnick & Kubik Group LLC purchased a new position in shares of Blackrock Corporate High Yield Fund in the first quarter worth about $206,000. Uncommon Cents Investing LLC purchased a new position in shares of Blackrock Corporate High Yield Fund in the fourth quarter worth about $218,000. Finally, Two Sigma Securities LLC purchased a new position in shares of Blackrock Corporate High Yield Fund in the fourth quarter worth about $224,000.

Blackrock Corporate High Yield Fund opened at $10.56 on Thursday, Marketbeat Ratings reports. Blackrock Corporate High Yield Fund Inc has a twelve month low of $10.41 and a twelve month high of $11.47.

The firm also recently declared a monthly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be paid a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 7.95%. The ex-dividend date of this dividend is Thursday, June 14th.

Blackrock Corporate High Yield Fund 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.

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

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