Northwestern Mutual Wealth Management Co. Grows Stock Position in BlackRock Corporate High Yield Fund, Inc. $HYT

Northwestern Mutual Wealth Management Co. boosted its position in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 122.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 253,818 shares of the investment management company’s stock after purchasing an additional 139,603 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in BlackRock Corporate High Yield Fund were worth $2,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of HYT. Invesco Ltd. increased its position in BlackRock Corporate High Yield Fund by 1.9% in the second quarter. Invesco Ltd. now owns 1,334,394 shares of the investment management company’s stock worth $13,010,000 after buying an additional 24,247 shares during the last quarter. Raymond James Financial Inc. increased its position in BlackRock Corporate High Yield Fund by 4.2% in the second quarter. Raymond James Financial Inc. now owns 177,549 shares of the investment management company’s stock worth $1,731,000 after buying an additional 7,156 shares during the last quarter. Jane Street Group LLC purchased a new stake in BlackRock Corporate High Yield Fund in the second quarter worth $573,000. Ameriprise Financial Inc. increased its position in BlackRock Corporate High Yield Fund by 0.7% in the second quarter. Ameriprise Financial Inc. now owns 827,792 shares of the investment management company’s stock worth $8,071,000 after buying an additional 5,739 shares during the last quarter. Finally, MML Investors Services LLC increased its position in BlackRock Corporate High Yield Fund by 0.9% in the second quarter. MML Investors Services LLC now owns 992,083 shares of the investment management company’s stock worth $9,673,000 after buying an additional 8,754 shares during the last quarter.

BlackRock Corporate High Yield Fund Price Performance

NYSE:HYT opened at $8.55 on Wednesday. The business has a fifty day simple moving average of $8.56 and a two-hundred day simple moving average of $8.86. BlackRock Corporate High Yield Fund, Inc. has a 1 year low of $8.22 and a 1 year high of $9.88.

BlackRock Corporate High Yield Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.0779 dividend. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend is Monday, June 15th.

About BlackRock Corporate High Yield Fund

BlackRock Corporate High Yield Fund (NYSE: HYT) is a diversified, closed-end management investment company designed to offer investors exposure to the credit market’s higher-yielding segment. The fund primarily seeks to generate high current income by investing in below-investment-grade corporate debt securities across a broad range of industries. It may also allocate a portion of its assets to investment-grade bonds and cash equivalents, allowing for flexible portfolio positioning in response to market conditions.

HYT’s investment strategy emphasizes bottom-up credit research, focusing on issuers with strong cash flow potential and sound balance sheets relative to their high-yield peers.