Cowen Inc. Trims Position in Blackrock Corporate High Yield Fund Inc (HYT)

Cowen Inc. decreased its holdings in Blackrock Corporate High Yield Fund Inc (NYSE:HYT) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,124 shares of the investment management company’s stock after selling 2,510 shares during the quarter. Cowen Inc.’s holdings in Blackrock Corporate High Yield Fund were worth $484,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HYT. CLS Investments LLC raised its position in Blackrock Corporate High Yield Fund by 21.6% during the 2nd quarter. CLS Investments LLC now owns 317,398 shares of the investment management company’s stock worth $3,479,000 after buying an additional 56,291 shares during the last quarter. SG Americas Securities LLC raised its position in Blackrock Corporate High Yield Fund by 210.3% during the 2nd quarter. SG Americas Securities LLC now owns 94,477 shares of the investment management company’s stock worth $1,035,000 after buying an additional 64,027 shares during the last quarter. Brighton Jones LLC purchased a new position in Blackrock Corporate High Yield Fund during the 2nd quarter worth $196,000. Sigma Planning Corp raised its position in Blackrock Corporate High Yield Fund by 4.1% during the 2nd quarter. Sigma Planning Corp now owns 12,254 shares of the investment management company’s stock worth $134,000 after buying an additional 482 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Blackrock Corporate High Yield Fund by 27.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 32,062 shares of the investment management company’s stock worth $351,000 after buying an additional 7,000 shares during the last quarter.

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Shares of Blackrock Corporate High Yield Fund Inc (NYSE:HYT) traded down 0.081% during trading on Tuesday, reaching $11.171. 50,041 shares of the company’s stock were exchanged. The company’s 50-day moving average is $11.15 and its 200 day moving average is $11.07. Blackrock Corporate High Yield Fund Inc has a 52 week low of $9.86 and a 52 week high of $11.37.

The business also recently announced a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 7.51%. The ex-dividend date is Thursday, September 14th.

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.

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

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