Onyx Bridge Wealth Group LLC Buys 179,670 Shares of BlackRock Corporate High Yield Fund, Inc. $HYT

Onyx Bridge Wealth Group LLC raised its stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 148.2% in the first quarter, Holdings Channel reports. The institutional investor owned 300,920 shares of the investment management company’s stock after buying an additional 179,670 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in BlackRock Corporate High Yield Fund were worth $2,564,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Ramiah Investment Group increased its holdings in shares of BlackRock Corporate High Yield Fund by 4.1% during the first quarter. Ramiah Investment Group now owns 50,495 shares of the investment management company’s stock valued at $430,000 after acquiring an additional 1,999 shares in the last quarter. AEGON USA Investment Management LLC raised its holdings in BlackRock Corporate High Yield Fund by 75.0% in the first quarter. AEGON USA Investment Management LLC now owns 35,000 shares of the investment management company’s stock worth $298,000 after buying an additional 15,000 shares during the last quarter. Silver Oak Securities Incorporated purchased a new position in BlackRock Corporate High Yield Fund in the first quarter worth about $106,000. TrueMark Investments LLC bought a new position in shares of BlackRock Corporate High Yield Fund in the first quarter worth approximately $1,158,000. Finally, Trust Co. of Oklahoma lifted its stake in shares of BlackRock Corporate High Yield Fund by 20.0% in the first quarter. Trust Co. of Oklahoma now owns 15,000 shares of the investment management company’s stock worth $128,000 after buying an additional 2,500 shares in the last quarter.

BlackRock Corporate High Yield Fund Price Performance

Shares of HYT opened at $8.49 on Friday. The firm has a 50 day moving average of $8.58 and a 200 day moving average of $8.73. BlackRock Corporate High Yield Fund, Inc. has a twelve month low of $8.22 and a twelve month high of $9.88.

BlackRock Corporate High Yield Fund Dividend Announcement

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

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.