Pathway Financial Advisers LLC Acquires 1,697,620 Shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Pathway Financial Advisers LLC lifted its stake in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 950.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,876,286 shares of the investment management company’s stock after acquiring an additional 1,697,620 shares during the period. Pathway Financial Advisers LLC’s holdings in BlackRock Corporate High Yield Fund were worth $187,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Lake Street Private Wealth LLC lifted its holdings in BlackRock Corporate High Yield Fund by 0.9% during the 3rd quarter. Lake Street Private Wealth LLC now owns 438,300 shares of the investment management company’s stock worth $4,409,000 after purchasing an additional 3,800 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of BlackRock Corporate High Yield Fund in the third quarter worth about $33,316,000. Cetera Investment Advisers boosted its position in shares of BlackRock Corporate High Yield Fund by 2.7% in the second quarter. Cetera Investment Advisers now owns 269,937 shares of the investment management company’s stock valued at $2,616,000 after acquiring an additional 7,164 shares during the period. Private Advisor Group LLC grew its stake in BlackRock Corporate High Yield Fund by 6.6% during the third quarter. Private Advisor Group LLC now owns 250,503 shares of the investment management company’s stock valued at $2,520,000 after acquiring an additional 15,533 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in BlackRock Corporate High Yield Fund by 100.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 188,002 shares of the investment management company’s stock worth $1,841,000 after acquiring an additional 94,261 shares during the period.

BlackRock Corporate High Yield Fund Stock Performance

NYSE HYT opened at $9.85 on Thursday. The company’s 50 day simple moving average is $9.95 and its two-hundred day simple moving average is $9.80. BlackRock Corporate High Yield Fund, Inc. has a 1 year low of $8.31 and a 1 year high of $10.16.

BlackRock Corporate High Yield Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a $0.0779 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 9.49%.

BlackRock Corporate High Yield Fund 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.