Pathway Financial Advisers LLC Has $1.87 Million Stake in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Pathway Financial Advisers LLC lessened its stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 89.8% during the fourth quarter, Holdings Channel reports. The fund owned 191,011 shares of the investment management company’s stock after selling 1,685,275 shares during the quarter. Pathway Financial Advisers LLC’s holdings in BlackRock Corporate High Yield Fund were worth $1,874,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Sanctuary Advisors LLC increased its stake in BlackRock Corporate High Yield Fund by 20.7% in the third quarter. Sanctuary Advisors LLC now owns 13,239 shares of the investment management company’s stock valued at $131,000 after purchasing an additional 2,271 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of BlackRock Corporate High Yield Fund in the 3rd quarter valued at about $33,316,000. Janney Montgomery Scott LLC increased its position in BlackRock Corporate High Yield Fund by 5.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 145,958 shares of the investment management company’s stock valued at $1,432,000 after buying an additional 7,242 shares in the last quarter. HighTower Advisors LLC increased its position in BlackRock Corporate High Yield Fund by 80.1% in the 3rd quarter. HighTower Advisors LLC now owns 143,237 shares of the investment management company’s stock valued at $1,438,000 after buying an additional 63,720 shares in the last quarter. Finally, Brookstone Capital Management raised its stake in BlackRock Corporate High Yield Fund by 34.7% during the 3rd quarter. Brookstone Capital Management now owns 20,808 shares of the investment management company’s stock worth $209,000 after buying an additional 5,365 shares during the period.

BlackRock Corporate High Yield Fund Price Performance

Shares of BlackRock Corporate High Yield Fund stock opened at $9.85 on Thursday. BlackRock Corporate High Yield Fund, Inc. has a 52 week low of $9.21 and a 52 week high of $10.16. The stock has a 50 day moving average price of $9.83 and a two-hundred day moving average price of $9.88.

BlackRock Corporate High Yield Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.0779 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 9.49%. The ex-dividend date is Friday, February 14th.

About BlackRock Corporate High Yield Fund

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.