Onyx Bridge Wealth Group LLC Raises Position in BlackRock Corporate High Yield Fund, Inc. $HYT

Onyx Bridge Wealth Group LLC boosted its holdings in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 148.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 300,920 shares of the investment management company’s stock after buying an additional 179,670 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in BlackRock Corporate High Yield Fund were worth $2,564,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Invesco Ltd. raised its holdings in shares of BlackRock Corporate High Yield Fund by 1.9% in the 2nd quarter. Invesco Ltd. now owns 1,334,394 shares of the investment management company’s stock valued at $13,010,000 after acquiring an additional 24,247 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of BlackRock Corporate High Yield Fund by 4.2% during the 2nd quarter. Raymond James Financial Inc. now owns 177,549 shares of the investment management company’s stock valued at $1,731,000 after acquiring an additional 7,156 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of BlackRock Corporate High Yield Fund during the second quarter worth about $573,000. Ameriprise Financial Inc. grew its holdings in shares of BlackRock Corporate High Yield Fund by 0.7% during the second quarter. Ameriprise Financial Inc. now owns 827,792 shares of the investment management company’s stock worth $8,071,000 after purchasing an additional 5,739 shares in the last quarter. Finally, MML Investors Services LLC increased its position in shares of 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 purchasing an additional 8,754 shares during the last quarter.

BlackRock Corporate High Yield Fund Stock Down 0.4%

Shares of HYT opened at $8.49 on Friday. The firm’s 50 day simple moving average is $8.58 and its 200 day simple moving average is $8.73. 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 Announces Dividend

The business also recently disclosed 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 is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 11.0%.

BlackRock Corporate High Yield Fund Company 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.