Readystate Asset Management LP Has $2.94 Million Holdings in BlackRock Corporate High Yield Fund, Inc. $HYT

Readystate Asset Management LP increased its position in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 671.7% during the third quarter, HoldingsChannel.com reports. The firm owned 309,263 shares of the investment management company’s stock after buying an additional 269,189 shares during the period. Readystate Asset Management LP’s holdings in BlackRock Corporate High Yield Fund were worth $2,938,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TFC Financial Management Inc. bought a new stake in BlackRock Corporate High Yield Fund in the 3rd quarter valued at $50,000. Allworth Financial LP raised its position in BlackRock Corporate High Yield Fund by 10,460.0% in the second 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. Fifth Third Bancorp bought a new position in BlackRock Corporate High Yield Fund during the third quarter worth about $82,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of BlackRock Corporate High Yield Fund in the 3rd quarter valued at approximately $96,000. Finally, Gerber Kawasaki Wealth & Investment Management acquired a new position in shares of BlackRock Corporate High Yield Fund in the 2nd quarter worth approximately $156,000.

Insider Transactions at BlackRock Corporate High Yield Fund

In other news, Portfolio Manager David Delbos purchased 100,000 shares of BlackRock Corporate High Yield Fund stock in a transaction on Tuesday, February 3rd. The shares were purchased at an average cost of $8.68 per share, for a total transaction of $868,000.00. Following the completion of the transaction, the portfolio manager directly owned 205,511 shares in the company, valued at approximately $1,783,835.48. This represents a 94.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

BlackRock Corporate High Yield Fund Trading Up 0.6%

Shares of NYSE:HYT opened at $8.89 on Wednesday. The business’s fifty day moving average price is $8.94 and its two-hundred day moving average price is $9.30. BlackRock Corporate High Yield Fund, Inc. has a fifty-two week low of $7.84 and a fifty-two week high of $9.90.

BlackRock Corporate High Yield Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.0779 per share. This represents a c) annualized dividend and a yield of 10.5%. The ex-dividend date of this dividend is Friday, March 13th.

BlackRock Corporate High Yield Fund Company 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.