JPMorgan Chase & Co. Raises Holdings in BlackRock Corporate High Yield Fund, Inc. (HYT)

JPMorgan Chase & Co. raised its stake in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,155,811 shares of the investment management company’s stock after acquiring an additional 58,578 shares during the period. JPMorgan Chase & Co. owned 2.50% of BlackRock Corporate High Yield Fund worth $35,440,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Granite Investment Partners LLC lifted its position in BlackRock Corporate High Yield Fund by 40.3% in the third quarter. Granite Investment Partners LLC now owns 41,161 shares of the investment management company’s stock worth $465,000 after purchasing an additional 11,833 shares during the period. Commonwealth Equity Services Inc lifted its position in BlackRock Corporate High Yield Fund by 7.7% in the third quarter. Commonwealth Equity Services Inc now owns 196,776 shares of the investment management company’s stock worth $2,223,000 after purchasing an additional 14,109 shares during the period. Sunbelt Securities Inc. acquired a new stake in BlackRock Corporate High Yield Fund in the third quarter worth approximately $158,000. First Trust Advisors LP acquired a new stake in BlackRock Corporate High Yield Fund in the third quarter worth approximately $215,000. Finally, Ares Management LLC acquired a new stake in BlackRock Corporate High Yield Fund in the second quarter worth approximately $164,000.

BlackRock Corporate High Yield Fund, Inc. (HYT) traded down $0.02 on Tuesday, reaching $11.00. The company’s stock had a trading volume of 264,300 shares, compared to its average volume of 382,973. BlackRock Corporate High Yield Fund, Inc. has a 12-month low of $10.57 and a 12-month high of $11.47.

The company also recently announced a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Tuesday, December 12th will be given a $0.07 dividend. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.84 dividend on an annualized basis and a yield of 7.64%.

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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.

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

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