Sit Investment Associates Inc. Increases Position in BlackRock Corporate High Yield Fund, Inc. $HYT

Sit Investment Associates Inc. raised its stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 30.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 350,136 shares of the investment management company’s stock after buying an additional 82,475 shares during the quarter. Sit Investment Associates Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $3,116,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Yakira Capital Management Inc. bought a new position in shares of BlackRock Corporate High Yield Fund during the fourth quarter valued at $7,986,000. Jane Street Group LLC boosted its stake in BlackRock Corporate High Yield Fund by 479.0% in the 4th quarter. Jane Street Group LLC now owns 370,951 shares of the investment management company’s stock worth $3,301,000 after purchasing an additional 306,884 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new stake in BlackRock Corporate High Yield Fund during the 3rd quarter valued at about $2,031,000. Invesco Ltd. grew its position in BlackRock Corporate High Yield Fund by 12.5% during the 4th quarter. Invesco Ltd. now owns 1,632,966 shares of the investment management company’s stock valued at $14,533,000 after purchasing an additional 181,883 shares during the last quarter. Finally, LPL Financial LLC grew its position in 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 valued at $12,136,000 after purchasing an additional 156,073 shares during the last quarter.

BlackRock Corporate High Yield Fund Stock Down 0.2%

Shares of BlackRock Corporate High Yield Fund stock opened at $8.49 on Friday. BlackRock Corporate High Yield Fund, Inc. has a 52-week low of $8.22 and a 52-week high of $9.88. The company has a 50-day simple moving average of $8.60 and a two-hundred day simple moving average of $8.76.

BlackRock Corporate High Yield Fund Announces Dividend

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

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.