Lake Street Private Wealth LLC Acquires 85,450 Shares of BlackRock Corporate High Yield Fund, Inc. $HYT

Lake Street Private Wealth LLC increased its holdings in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 15.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 656,725 shares of the investment management company’s stock after acquiring an additional 85,450 shares during the period. Lake Street Private Wealth LLC’s holdings in BlackRock Corporate High Yield Fund were worth $5,149,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HYT. SeaCrest Wealth Management LLC boosted its stake in BlackRock Corporate High Yield Fund by 7.3% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 20,524 shares of the investment management company’s stock valued at $161,000 after purchasing an additional 1,391 shares during the last quarter. Robbins Farley raised its stake in shares of BlackRock Corporate High Yield Fund by 5.9% in the third quarter. Robbins Farley now owns 182,766 shares of the investment management company’s stock worth $1,433,000 after purchasing an additional 10,193 shares during the last quarter. Pinnacle Associates Ltd. purchased a new stake in shares of BlackRock Corporate High Yield Fund in the third quarter worth approximately $115,000. Uncommon Cents Investing Inc raised its stake in shares of BlackRock Corporate High Yield Fund by 12.7% in the third quarter. Uncommon Cents Investing Inc now owns 292,488 shares of the investment management company’s stock worth $2,293,000 after purchasing an additional 32,920 shares during the last quarter. Finally, Stronghold Wealth Management L.L.C. lifted its holdings in shares of BlackRock Corporate High Yield Fund by 59.9% in the third quarter. Stronghold Wealth Management L.L.C. now owns 32,515 shares of the investment management company’s stock valued at $255,000 after purchasing an additional 12,184 shares in the last quarter.

BlackRock Corporate High Yield Fund Stock Performance

HYT stock opened at $7.72 on Friday. BlackRock Corporate High Yield Fund, Inc. has a twelve month low of $7.62 and a twelve month high of $9.55. The stock’s 50 day moving average is $8.01 and its 200-day moving average is $8.35.

BlackRock Corporate High Yield Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a $0.0779 dividend. This represents a $0.93 dividend on an annualized basis and a yield of 12.1%. The ex-dividend date of this dividend is Friday, December 11th.

BlackRock Corporate High Yield Fund Profile

BlackRock Corporate High Yield Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol HYT. The fund seeks to provide a high level of current income and, as a secondary objective, capital appreciation by investing primarily in below-investment-grade corporate debt securities, commonly known as high-yield or “junk” bonds.

The fund’s portfolio may include bonds and other debt obligations issued by companies across a range of industries and geographic markets.