Melfa Wealth Management Inc. Sells 3,725 Shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

Melfa Wealth Management Inc. lessened its stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,801 shares of the investment management company’s stock after selling 3,725 shares during the quarter. Melfa Wealth Management Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $802,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. CWM LLC boosted its holdings in BlackRock Corporate High Yield Fund by 17.5% in the third quarter. CWM LLC now owns 7,221 shares of the investment management company’s stock worth $73,000 after acquiring an additional 1,074 shares in the last quarter. RDA Financial Network lifted its holdings in shares of BlackRock Corporate High Yield Fund by 0.8% in the 3rd quarter. RDA Financial Network now owns 165,659 shares of the investment management company’s stock worth $1,667,000 after purchasing an additional 1,325 shares in the last quarter. Sanctuary Advisors LLC grew its position in BlackRock Corporate High Yield Fund by 20.7% in the 3rd 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 during the period. Future Financial Wealth Managment LLC increased its stake in BlackRock Corporate High Yield Fund by 4.5% during the 3rd quarter. Future Financial Wealth Managment LLC now owns 56,561 shares of the investment management company’s stock valued at $569,000 after purchasing an additional 2,417 shares in the last quarter. Finally, Atomi Financial Group Inc. raised its holdings in BlackRock Corporate High Yield Fund by 11.9% during the third quarter. Atomi Financial Group Inc. now owns 23,000 shares of the investment management company’s stock worth $231,000 after buying an additional 2,450 shares during the last quarter.

BlackRock Corporate High Yield Fund Stock Up 0.3 %

BlackRock Corporate High Yield Fund stock opened at $9.81 on Wednesday. The firm’s fifty day moving average price is $9.84 and its two-hundred day moving average price is $9.87. BlackRock Corporate High Yield Fund, Inc. has a 1-year low of $9.21 and a 1-year high of $10.16.

BlackRock Corporate High Yield Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.0779 per share. This represents a $0.93 dividend on an annualized basis and a yield of 9.53%. The ex-dividend date is Wednesday, January 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.