Sit Investment Associates Inc. Buys 82,475 Shares of BlackRock Corporate High Yield Fund, Inc. $HYT

Sit Investment Associates Inc. grew its stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 30.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 350,136 shares of the investment management company’s stock after buying an additional 82,475 shares during the quarter. Sit Investment Associates Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $3,116,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in HYT. Newbridge Financial Services Group Inc. purchased a new stake in BlackRock Corporate High Yield Fund in the third quarter worth approximately $28,000. Kestra Advisory Services LLC bought a new position in shares of BlackRock Corporate High Yield Fund during the 4th quarter valued at $33,000. EverSource Wealth Advisors LLC lifted its holdings in shares of BlackRock Corporate High Yield Fund by 47.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 4,354 shares of the investment management company’s stock valued at $39,000 after buying an additional 1,399 shares during the period. Harbour Investments Inc. boosted its stake in shares of BlackRock Corporate High Yield Fund by 634.7% in the 4th quarter. Harbour Investments Inc. now owns 7,935 shares of the investment management company’s stock worth $71,000 after buying an additional 6,855 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of BlackRock Corporate High Yield Fund by 127.6% in the third quarter. Larson Financial Group LLC now owns 7,966 shares of the investment management company’s stock worth $76,000 after acquiring an additional 4,466 shares during the period.

BlackRock Corporate High Yield Fund Price Performance

HYT stock opened at $8.49 on Friday. BlackRock Corporate High Yield Fund, Inc. has a fifty-two week low of $8.22 and a fifty-two week high of $9.88. The business’s 50-day moving average is $8.60 and its two-hundred day moving average is $8.76.

BlackRock Corporate High Yield Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.0779 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 11.0%.

BlackRock Corporate High Yield Fund Profile

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.