BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. reduced its position in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,210 shares of the investment management company’s stock after selling 1,400 shares during the period. Kovack Advisors Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $505,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HYT. Tyler Stone Wealth Management increased its stake in BlackRock Corporate High Yield Fund by 100.0% in the third quarter. Tyler Stone Wealth Management now owns 10,648 shares of the investment management company’s stock valued at $107,000 after purchasing an additional 5,324 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of BlackRock Corporate High Yield Fund by 4.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 138,716 shares of the investment management company’s stock valued at $1,395,000 after buying an additional 6,172 shares during the last quarter. Pathway Financial Advisers LLC grew its position in shares of BlackRock Corporate High Yield Fund by 950.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,876,286 shares of the investment management company’s stock valued at $187,000 after buying an additional 1,697,620 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in BlackRock Corporate High Yield Fund by 268.1% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 59,954 shares of the investment management company’s stock worth $603,000 after acquiring an additional 43,667 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in BlackRock Corporate High Yield Fund by 64.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 31,359 shares of the investment management company’s stock valued at $315,000 after acquiring an additional 12,326 shares during the last quarter.

BlackRock Corporate High Yield Fund Stock Down 0.2 %

Shares of HYT stock opened at $9.89 on Friday. The stock’s 50-day moving average is $9.95 and its two-hundred day moving average is $9.83. BlackRock Corporate High Yield Fund, Inc. has a 1 year low of $8.55 and a 1 year high of $10.16.

BlackRock Corporate High Yield Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.0779 dividend. This represents a $0.93 annualized dividend and a dividend yield of 9.45%. The ex-dividend date of this dividend is Friday, November 15th.

About BlackRock Corporate High Yield Fund

BlackRock Corporate High Yield Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets across the globe. The fund invests in bonds of companies operating across diversified sectors. It primarily invests in bonds rated Ba or lower by Moody's Investors Service, Inc, or BB or lower by Standard & Poor's Corporation.