Rivernorth Capital Management LLC Has $47.34 Million Stock Position in BlackRock Corporate High Yield Fund, Inc. $HYT

Rivernorth Capital Management LLC reduced its stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 6.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,529,831 shares of the investment management company’s stock after selling 369,771 shares during the quarter. BlackRock Corporate High Yield Fund comprises approximately 2.3% of Rivernorth Capital Management LLC’s holdings, making the stock its 5th largest position. Rivernorth Capital Management LLC’s holdings in BlackRock Corporate High Yield Fund were worth $47,335,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HYT. Creative Planning lifted its holdings in shares of BlackRock Corporate High Yield Fund by 6.8% in the third quarter. Creative Planning now owns 17,109 shares of the investment management company’s stock worth $163,000 after buying an additional 1,086 shares in the last quarter. Granite Investment Partners LLC increased its holdings in BlackRock Corporate High Yield Fund by 2.1% in the 4th quarter. Granite Investment Partners LLC now owns 56,123 shares of the investment management company’s stock valued at $499,000 after acquiring an additional 1,174 shares during the last quarter. Mariner LLC lifted its stake in BlackRock Corporate High Yield Fund by 7.0% in the 4th quarter. Mariner LLC now owns 20,275 shares of the investment management company’s stock worth $180,000 after purchasing an additional 1,321 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of BlackRock Corporate High Yield Fund by 47.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 4,354 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 1,399 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in shares of BlackRock Corporate High Yield Fund by 8.3% during the second quarter. Wealthcare Advisory Partners LLC now owns 18,275 shares of the investment management company’s stock valued at $156,000 after purchasing an additional 1,402 shares in the last quarter.

BlackRock Corporate High Yield Fund Stock Down 0.2%

Shares of HYT stock opened at $8.27 on Monday. BlackRock Corporate High Yield Fund, Inc. has a 12-month low of $8.22 and a 12-month high of $9.61. The stock’s 50-day moving average price is $8.41 and its 200-day moving average price is $8.55.

BlackRock Corporate High Yield Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.0779 per share. This represents a c) annualized dividend and a yield of 11.3%. The ex-dividend date is Tuesday, September 15th.

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.