106,696 Shares in BlackRock Corporate High Yield Fund, Inc. $HYT Acquired by Onyx Bridge Wealth Group LLC

Onyx Bridge Wealth Group LLC bought a new stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) in the third quarter, Holdings Channel.com reports. The institutional investor bought 106,696 shares of the investment management company’s stock, valued at approximately $1,014,000.

Several other institutional investors and hedge funds have also bought and sold shares of HYT. TFC Financial Management Inc. acquired a new position in shares of BlackRock Corporate High Yield Fund during the third quarter worth $50,000. Allworth Financial LP boosted its position in shares of BlackRock Corporate High Yield Fund by 10,460.0% in the 2nd quarter. Allworth Financial LP now owns 5,280 shares of the investment management company’s stock worth $51,000 after purchasing an additional 5,230 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in BlackRock Corporate High Yield Fund during the 3rd quarter worth $96,000. Gerber Kawasaki Wealth & Investment Management acquired a new position in BlackRock Corporate High Yield Fund during the 2nd quarter valued at about $156,000. Finally, Corient Private Wealth LLC raised its stake in BlackRock Corporate High Yield Fund by 25.2% in the second quarter. Corient Private Wealth LLC now owns 18,112 shares of the investment management company’s stock valued at $177,000 after buying an additional 3,643 shares during the last quarter.

BlackRock Corporate High Yield Fund Price Performance

Shares of NYSE HYT opened at $8.92 on Friday. BlackRock Corporate High Yield Fund, Inc. has a fifty-two week low of $7.84 and a fifty-two week high of $9.96. The business has a 50-day simple moving average of $8.97 and a two-hundred day simple moving average of $9.32.

BlackRock Corporate High Yield Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.0779 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 10.5%.

Insiders Place Their Bets

In related news, Portfolio Manager David Delbos purchased 100,000 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were acquired at an average price of $8.68 per share, for a total transaction of $868,000.00. Following the purchase, the portfolio manager owned 205,511 shares of the company’s stock, valued at $1,783,835.48. This trade represents a 94.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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.