Magnus Financial Group LLC Makes New $128,000 Investment in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Magnus Financial Group LLC purchased a new stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 13,000 shares of the investment management company’s stock, valued at approximately $128,000.

Several other institutional investors and hedge funds also recently bought and sold shares of HYT. CWM LLC lifted its position in BlackRock Corporate High Yield Fund by 17.5% in the third quarter. CWM LLC now owns 7,221 shares of the investment management company’s stock valued at $73,000 after buying an additional 1,074 shares during the last quarter. Concourse Financial Group Securities Inc. lifted its stake in BlackRock Corporate High Yield Fund by 77.2% in the third quarter. Concourse Financial Group Securities Inc. now owns 8,682 shares of the investment management company’s stock worth $87,000 after acquiring an additional 3,782 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of BlackRock Corporate High Yield Fund during the second quarter worth $106,000. Tyler Stone Wealth Management boosted its position in shares of BlackRock Corporate High Yield Fund by 100.0% during the 3rd quarter. Tyler Stone Wealth Management now owns 10,648 shares of the investment management company’s stock worth $107,000 after acquiring an additional 5,324 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in BlackRock Corporate High Yield Fund in the second quarter valued at approximately $184,000.

BlackRock Corporate High Yield Fund Stock Up 0.6 %

NYSE HYT opened at $9.84 on Friday. The firm’s fifty day moving average price is $9.84 and its 200 day moving average price is $9.87. BlackRock Corporate High Yield Fund, Inc. has a 12 month low of $9.21 and a 12 month high of $10.16.

BlackRock Corporate High Yield Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $0.0779 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.93 dividend on an annualized basis and a yield of 9.50%.

BlackRock Corporate High Yield Fund Company Profile

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.