Wedbush Securities Inc. increased its stake in shares of Blackrock Corporate High Yield Fund Inc (NYSE:HYT) by 14.8% during the second quarter, Holdings Channel reports. The firm owned 129,928 shares of the investment management company’s stock after buying an additional 16,796 shares during the period. Wedbush Securities Inc.’s holdings in Blackrock Corporate High Yield Fund were worth $1,424,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. raised its stake in shares of Blackrock Corporate High Yield Fund by 0.6% in the second quarter. Bessemer Group Inc. now owns 11,669 shares of the investment management company’s stock valued at $128,000 after buying an additional 73 shares during the period. Sigma Planning Corp raised its stake in shares of Blackrock Corporate High Yield Fund by 4.1% in the second quarter. Sigma Planning Corp now owns 12,254 shares of the investment management company’s stock valued at $134,000 after buying an additional 482 shares during the period. IFP Advisors Inc raised its stake in shares of Blackrock Corporate High Yield Fund by 2.2% in the second quarter. IFP Advisors Inc now owns 16,192 shares of the investment management company’s stock valued at $177,000 after buying an additional 344 shares during the period. Granite Investment Partners LLC raised its stake in shares of Blackrock Corporate High Yield Fund by 1.2% in the second quarter. Granite Investment Partners LLC now owns 29,328 shares of the investment management company’s stock valued at $321,000 after buying an additional 347 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in shares of Blackrock Corporate High Yield Fund by 27.9% in the second quarter. Janney Montgomery Scott LLC now owns 32,062 shares of the investment management company’s stock valued at $351,000 after buying an additional 7,000 shares during the period.

Shares of Blackrock Corporate High Yield Fund Inc (HYT) opened at 11.03 on Friday. Blackrock Corporate High Yield Fund Inc has a 12 month low of $9.86 and a 12 month high of $11.37. The stock has a 50 day moving average of $11.11 and a 200 day moving average of $11.06.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be paid a $0.07 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.84 dividend on an annualized basis and a yield of 7.62%.

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About Blackrock Corporate High Yield Fund

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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