Shaker Financial Services LLC Makes New $3.44 Million Investment in BlackRock Corporate High Yield Fund, Inc. $HYT

Shaker Financial Services LLC bought a new stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 362,415 shares of the investment management company’s stock, valued at approximately $3,443,000. BlackRock Corporate High Yield Fund comprises approximately 1.2% of Shaker Financial Services LLC’s portfolio, making the stock its 26th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Granite Investment Partners LLC boosted its holdings in BlackRock Corporate High Yield Fund by 2.0% during the second quarter. Granite Investment Partners LLC now owns 53,839 shares of the investment management company’s stock valued at $525,000 after purchasing an additional 1,076 shares in the last quarter. L.K. Benson & Company P.C. lifted its position in shares of BlackRock Corporate High Yield Fund by 12.3% during the 2nd quarter. L.K. Benson & Company P.C. now owns 14,035 shares of the investment management company’s stock worth $137,000 after buying an additional 1,540 shares during the period. Brookstone Capital Management boosted its stake in BlackRock Corporate High Yield Fund by 9.1% in the 2nd quarter. Brookstone Capital Management now owns 20,669 shares of the investment management company’s stock valued at $202,000 after buying an additional 1,716 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in BlackRock Corporate High Yield Fund by 1.7% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 125,966 shares of the investment management company’s stock valued at $1,228,000 after buying an additional 2,122 shares in the last quarter. Finally, Covenant Asset Management LLC grew its position in BlackRock Corporate High Yield Fund by 1.6% in the second quarter. Covenant Asset Management LLC now owns 175,024 shares of the investment management company’s stock valued at $1,706,000 after acquiring an additional 2,684 shares during the period.

BlackRock Corporate High Yield Fund Trading Down 0.1%

BlackRock Corporate High Yield Fund stock opened at $8.82 on Wednesday. The stock has a fifty day moving average price of $9.26 and a two-hundred day moving average price of $9.48. BlackRock Corporate High Yield Fund, Inc. has a 52-week low of $7.84 and a 52-week high of $10.02.

BlackRock Corporate High Yield Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.0779 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 10.6%.

About BlackRock Corporate High Yield Fund

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.