Ionic Capital Management LLC Invests $578,000 in BlackRock Corporate High Yield Fund, Inc. $HYT

Ionic Capital Management LLC purchased a new position in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 65,000 shares of the investment management company’s stock, valued at approximately $578,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. McGowan Group Asset Management Inc. grew its stake in shares of BlackRock Corporate High Yield Fund by 0.5% during the 4th quarter. McGowan Group Asset Management Inc. now owns 3,797,228 shares of the investment management company’s stock worth $33,795,000 after acquiring an additional 17,062 shares during the period. Invesco Ltd. grew its stake in shares of BlackRock Corporate High Yield Fund by 8.7% during the 3rd quarter. Invesco Ltd. now owns 1,451,083 shares of the investment management company’s stock worth $13,785,000 after acquiring an additional 116,689 shares during the period. LPL Financial LLC grew its stake in shares of BlackRock Corporate High Yield Fund by 12.9% during the 4th quarter. LPL Financial LLC now owns 1,363,639 shares of the investment management company’s stock worth $12,136,000 after acquiring an additional 156,073 shares during the period. MML Investors Services LLC grew its stake in shares of BlackRock Corporate High Yield Fund by 0.9% during the 2nd quarter. MML Investors Services LLC now owns 992,083 shares of the investment management company’s stock worth $9,673,000 after acquiring an additional 8,754 shares during the period. Finally, Guggenheim Capital LLC grew its stake in shares of BlackRock Corporate High Yield Fund by 15.5% during the 4th quarter. Guggenheim Capital LLC now owns 909,705 shares of the investment management company’s stock worth $8,096,000 after acquiring an additional 121,903 shares during the period.

BlackRock Corporate High Yield Fund Trading Down 0.5%

HYT stock opened at $8.51 on Thursday. BlackRock Corporate High Yield Fund, Inc. has a fifty-two week low of $8.22 and a fifty-two week high of $9.88. The stock has a fifty day moving average of $8.60 and a 200-day moving average of $8.77.

BlackRock Corporate High Yield Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.0779 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 11.0%.

BlackRock Corporate High Yield Fund 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.