Wells Fargo & Company MN Raises Stake in BlackRock Corporate High Yield Fund, Inc. (HYT)

Wells Fargo & Company MN lifted its position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 31.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,355,190 shares of the investment management company’s stock after acquiring an additional 325,728 shares during the quarter. Wells Fargo & Company MN owned 1.07% of BlackRock Corporate High Yield Fund worth $15,313,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HYT. Bessemer Group Inc. grew its position in shares of BlackRock Corporate High Yield Fund by 0.6% in the 2nd quarter. Bessemer Group Inc. now owns 11,669 shares of the investment management company’s stock worth $128,000 after acquiring an additional 73 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in BlackRock Corporate High Yield Fund during the 3rd quarter valued at approximately $158,000. Ares Management LLC acquired a new position in BlackRock Corporate High Yield Fund during the 2nd quarter valued at approximately $164,000. PNC Financial Services Group Inc. boosted its position in BlackRock Corporate High Yield Fund by 8.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 15,561 shares of the investment management company’s stock valued at $170,000 after purchasing an additional 1,176 shares during the period. Finally, Greenwich Investment Management Inc. acquired a new position in BlackRock Corporate High Yield Fund during the 2nd quarter valued at approximately $182,000.

BlackRock Corporate High Yield Fund, Inc. (NYSE HYT) opened at $11.00 on Friday. BlackRock Corporate High Yield Fund, Inc. has a 12-month low of $10.60 and a 12-month high of $11.47.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, January 9th. Investors of record on Friday, December 29th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a yield of 7.64%.

ILLEGAL ACTIVITY NOTICE: “Wells Fargo & Company MN Raises Stake in BlackRock Corporate High Yield Fund, Inc. (HYT)” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://www.com-unik.info/2017/12/22/wells-fargo-company-mn-raises-stake-in-blackrock-corporate-high-yield-fund-inc-hyt.html.

BlackRock Corporate High Yield Fund Company 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.

Want to see what other hedge funds are holding HYT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT).

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

Receive News & Ratings for BlackRock Corporate High Yield Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Corporate High Yield Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit