Northwestern Mutual Wealth Management Co. Invests $1.09 Million in BlackRock Corporate High Yield Fund, Inc. $HYT

Northwestern Mutual Wealth Management Co. purchased a new stake in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 127,722 shares of the investment management company’s stock, valued at approximately $1,093,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HYT. Landscape Capital Management L.L.C. acquired a new position in BlackRock Corporate High Yield Fund during the second quarter worth $662,000. Allworth Financial LP purchased a new stake in BlackRock Corporate High Yield Fund in the 2nd quarter valued at $363,000. Global Retirement Partners LLC acquired a new stake in shares of BlackRock Corporate High Yield Fund in the 2nd quarter worth $104,000. SMH Capital Advisors Inc. increased its stake in shares of BlackRock Corporate High Yield Fund by 11,958.1% in the 2nd quarter. SMH Capital Advisors Inc. now owns 27,372 shares of the investment management company’s stock worth $234,000 after acquiring an additional 27,145 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of BlackRock Corporate High Yield Fund by 63.8% during the 2nd quarter. Fifth Third Bancorp now owns 118,792 shares of the investment management company’s stock worth $1,017,000 after acquiring an additional 46,262 shares during the period.

BlackRock Corporate High Yield Fund Trading Up 0.5%

NYSE HYT opened at $8.30 on Wednesday. The business’s fifty day simple moving average is $8.43 and its 200-day simple moving average is $8.56. BlackRock Corporate High Yield Fund, Inc. has a 52 week low of $8.22 and a 52 week high of $9.61.

BlackRock Corporate High Yield Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0779 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 11.3%.

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.