SeaCrest Wealth Management LLC Takes $625,000 Position in Blackrock Corporate High Yield Fund Inc (HYT)

SeaCrest Wealth Management LLC purchased a new stake in shares of Blackrock Corporate High Yield Fund Inc (NYSE:HYT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 57,148 shares of the investment management company’s stock, valued at approximately $625,000.

Other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC acquired a new stake in shares of Blackrock Corporate High Yield Fund in the third quarter worth $108,000. Sunbelt Securities Inc. acquired a new stake in shares of Blackrock Corporate High Yield Fund in the third quarter worth $158,000. PNC Financial Services Group Inc. grew its stake in shares of Blackrock Corporate High Yield Fund by 8.2% in the second quarter. PNC Financial Services Group Inc. now owns 15,561 shares of the investment management company’s stock worth $170,000 after acquiring an additional 1,176 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Blackrock Corporate High Yield Fund in the third quarter worth $215,000. Finally, BerganKDV Wealth Management LLC acquired a new stake in shares of Blackrock Corporate High Yield Fund in the fourth quarter worth $243,000.

In related news, Director Catherine A. Lynch acquired 4,826 shares of the stock in a transaction dated Tuesday, December 26th. The shares were acquired at an average price of $10.98 per share, for a total transaction of $52,989.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Blackrock Corporate High Yield Fund Inc (HYT) opened at $10.57 on Tuesday. Blackrock Corporate High Yield Fund Inc has a 52 week low of $10.54 and a 52 week high of $11.47.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.84 annualized dividend and a dividend yield of 7.95%.

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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.

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

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