Blackrock Corporate High Yield Fund Inc (NYSE:HYT) insider James Keenan purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were purchased at an average cost of $10.66 per share, for a total transaction of $533,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Blackrock Corporate High Yield Fund Inc (NYSE HYT) opened at $10.57 on Friday. Blackrock Corporate High Yield Fund Inc has a 52 week low of $10.46 and a 52 week high of $11.47.

The company also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be paid a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 7.95%. The ex-dividend date is Wednesday, February 14th.

A number of hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in Blackrock Corporate High Yield Fund by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,155,811 shares of the investment management company’s stock worth $35,440,000 after buying an additional 58,578 shares during the period. Parametric Portfolio Associates LLC raised its stake in Blackrock Corporate High Yield Fund by 15.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,411,998 shares of the investment management company’s stock worth $15,956,000 after buying an additional 193,026 shares during the period. Wells Fargo & Company MN raised its stake in Blackrock Corporate High Yield Fund by 31.6% during the 3rd quarter. Wells Fargo & Company MN now owns 1,355,190 shares of the investment management company’s stock worth $15,313,000 after buying an additional 325,728 shares during the period. Vident Investment Advisory LLC raised its stake in Blackrock Corporate High Yield Fund by 9.6% during the 3rd quarter. Vident Investment Advisory LLC now owns 728,860 shares of the investment management company’s stock worth $8,236,000 after buying an additional 63,990 shares during the period. Finally, CLS Investments LLC raised its stake in Blackrock Corporate High Yield Fund by 11.3% during the 3rd quarter. CLS Investments LLC now owns 353,346 shares of the investment management company’s stock worth $3,993,000 after buying an additional 35,948 shares during the period.

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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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