Apollon Wealth Management LLC Decreases Stake in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Apollon Wealth Management LLC cut its holdings in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 18.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 106,970 shares of the investment management company’s stock after selling 23,942 shares during the quarter. Apollon Wealth Management LLC’s holdings in BlackRock Corporate High Yield Fund were worth $1,076,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Pathway Financial Advisers LLC increased its stake in shares of BlackRock Corporate High Yield Fund by 950.2% during the third quarter. Pathway Financial Advisers LLC now owns 1,876,286 shares of the investment management company’s stock valued at $187,000 after buying an additional 1,697,620 shares during the period. Lake Street Private Wealth LLC increased its stake in shares of BlackRock Corporate High Yield Fund by 0.9% during the third quarter. Lake Street Private Wealth LLC now owns 438,300 shares of the investment management company’s stock valued at $4,409,000 after buying an additional 3,800 shares during the period. International Assets Investment Management LLC bought a new stake in shares of BlackRock Corporate High Yield Fund during the third quarter valued at approximately $33,316,000. Cetera Investment Advisers boosted its position in shares of BlackRock Corporate High Yield Fund by 2.7% during the second quarter. Cetera Investment Advisers now owns 269,937 shares of the investment management company’s stock valued at $2,616,000 after purchasing an additional 7,164 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of BlackRock Corporate High Yield Fund by 6.6% during the third quarter. Private Advisor Group LLC now owns 250,503 shares of the investment management company’s stock valued at $2,520,000 after purchasing an additional 15,533 shares in the last quarter.

BlackRock Corporate High Yield Fund Stock Performance

NYSE HYT opened at $9.89 on Friday. BlackRock Corporate High Yield Fund, Inc. has a twelve month low of $8.55 and a twelve month high of $10.16. The stock’s 50 day moving average is $9.95 and its 200 day moving average is $9.83.

BlackRock Corporate High Yield Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.0779 dividend. This represents a $0.93 annualized dividend and a yield of 9.45%. The ex-dividend date of this dividend is Friday, November 15th.

BlackRock Corporate High Yield Fund Company Profile

BlackRock Corporate High Yield Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets across the globe. The fund invests in bonds of companies operating across diversified sectors. It primarily invests in bonds rated Ba or lower by Moody's Investors Service, Inc, or BB or lower by Standard & Poor's Corporation.