BlackRock Corporate High Yield Fund (NYSE:HYT) Portfolio Manager David Delbos Purchases 100,000 Shares

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Portfolio Manager David Delbos acquired 100,000 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were purchased at an average price of $8.68 per share, for a total transaction of $868,000.00. Following the completion of the purchase, the portfolio manager directly owned 205,511 shares in the company, valued at $1,783,835.48. The trade was a 94.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

BlackRock Corporate High Yield Fund Stock Performance

Shares of HYT stock opened at $8.84 on Friday. BlackRock Corporate High Yield Fund, Inc. has a 12-month low of $7.84 and a 12-month high of $10.02. The firm has a 50 day moving average price of $9.02 and a two-hundred day moving average price of $9.35.

BlackRock Corporate High Yield Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.0779 dividend. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Friday, March 13th.

Institutional Trading of BlackRock Corporate High Yield Fund

A number of institutional investors have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. bought a new position in shares of BlackRock Corporate High Yield Fund in the third quarter worth $28,000. TFC Financial Management Inc. bought a new position in BlackRock Corporate High Yield Fund in the 3rd quarter valued at about $50,000. Allworth Financial LP raised its position in shares of BlackRock Corporate High Yield Fund by 10,460.0% in the 2nd quarter. Allworth Financial LP now owns 5,280 shares of the investment management company’s stock valued at $51,000 after buying an additional 5,230 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of BlackRock Corporate High Yield Fund during the 2nd quarter worth approximately $75,000. Finally, Larson Financial Group LLC boosted its position in shares of BlackRock Corporate High Yield Fund by 127.6% during the 3rd quarter. Larson Financial Group LLC now owns 7,966 shares of the investment management company’s stock worth $76,000 after acquiring an additional 4,466 shares in the last quarter.

BlackRock Corporate High Yield Fund Company Profile

BlackRock Corporate High Yield Fund (NYSE: HYT) is a diversified, closed-end management investment company designed to offer investors exposure to the credit market’s higher-yielding segment. The fund primarily seeks to generate high current income by investing in below-investment-grade corporate debt securities across a broad range of industries. It may also allocate a portion of its assets to investment-grade bonds and cash equivalents, allowing for flexible portfolio positioning in response to market conditions.

HYT’s investment strategy emphasizes bottom-up credit research, focusing on issuers with strong cash flow potential and sound balance sheets relative to their high-yield peers.