Royal Bank of Canada Has $1.76 Million Holdings in Blackrock Corporate High Yield Fund Inc (HYT)

Royal Bank of Canada grew its position in shares of Blackrock Corporate High Yield Fund Inc (NYSE:HYT) by 64.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,372 shares of the investment management company’s stock after purchasing an additional 62,632 shares during the period. Royal Bank of Canada owned 0.13% of Blackrock Corporate High Yield Fund worth $1,758,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Robinson Capital Management LLC boosted its stake in shares of Blackrock Corporate High Yield Fund by 41.9% during the 2nd quarter. Robinson Capital Management LLC now owns 253,919 shares of the investment management company’s stock worth $2,783,000 after purchasing an additional 75,000 shares during the last quarter. First Allied Advisory Services Inc. boosted its stake in shares of Blackrock Corporate High Yield Fund by 1.5% during the 2nd quarter. First Allied Advisory Services Inc. now owns 77,681 shares of the investment management company’s stock worth $848,000 after purchasing an additional 1,134 shares during the last quarter. Greenwich Investment Management Inc. acquired a new stake in shares of Blackrock Corporate High Yield Fund during the 2nd quarter worth about $182,000. MML Investors Services LLC boosted its stake in shares of Blackrock Corporate High Yield Fund by 12.9% during the 2nd quarter. MML Investors Services LLC now owns 45,259 shares of the investment management company’s stock worth $496,000 after purchasing an additional 5,185 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of Blackrock Corporate High Yield Fund by 70.8% during the 2nd quarter. Citigroup Inc. now owns 202,734 shares of the investment management company’s stock worth $2,222,000 after purchasing an additional 84,019 shares during the last quarter.

Shares of Blackrock Corporate High Yield Fund Inc (NYSE HYT) opened at 11.19 on Tuesday. The firm’s 50 day moving average is $11.26 and its 200 day moving average is $11.15. Blackrock Corporate High Yield Fund Inc has a 1-year low of $9.86 and a 1-year high of $11.47.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, October 13th. This represents a $0.84 annualized dividend and a yield of 7.51%.

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Blackrock Corporate High Yield Fund Profile

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.

Institutional Ownership by Quarter for Blackrock Corporate High Yield Fund (NYSE:HYT)

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