Bartlett & Co. LLC Has $1.40 Million Holdings in Blackrock Corporate High Yield Fund Inc (NYSE:HYT)

Bartlett & Co. LLC cut its stake in Blackrock Corporate High Yield Fund Inc (NYSE:HYT) by 62.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 128,021 shares of the investment management company’s stock after selling 214,680 shares during the quarter. Bartlett & Co. LLC owned about 0.10% of Blackrock Corporate High Yield Fund worth $1,401,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HYT. Parallel Advisors LLC purchased a new position in Blackrock Corporate High Yield Fund during the 3rd quarter valued at about $108,000. Sunbelt Securities Inc. acquired a new stake in Blackrock Corporate High Yield Fund in the 3rd quarter valued at about $158,000. Ares Management LLC acquired a new stake in Blackrock Corporate High Yield Fund in the 2nd quarter valued at about $164,000. PNC Financial Services Group Inc. raised its position in Blackrock Corporate High Yield Fund by 8.2% in 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 in the last quarter. Finally, Greenwich Investment Management Inc. acquired a new stake in Blackrock Corporate High Yield Fund in the 2nd quarter valued at about $182,000.

In other news, Director Catherine A. Lynch purchased 4,826 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were bought at an average price of $10.98 per share, with a total value of $52,989.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Keenan purchased 50,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were purchased at an average cost of $10.66 per share, for a total transaction of $533,000.00. The disclosure for this purchase can be found here.

Blackrock Corporate High Yield Fund Inc (HYT) traded down $0.04 during mid-day trading on Friday, reaching $10.57. The company’s stock had a trading volume of 966,543 shares, compared to its average volume of 505,538. Blackrock Corporate High Yield Fund Inc has a 52 week low of $10.46 and a 52 week high of $11.47.

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

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About Blackrock Corporate High Yield Fund

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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