Geneos Wealth Management Inc. Raises Stock Holdings in BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT)

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Geneos Wealth Management Inc. raised its stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 13.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 39,380 shares of the investment management company’s stock after buying an additional 4,650 shares during the period. Geneos Wealth Management Inc.’s holdings in BlackRock Corporate High Yield Fund were worth $479,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Spire Wealth Management raised its stake in shares of BlackRock Corporate High Yield Fund by 1.2% during the 3rd quarter. Spire Wealth Management now owns 69,773 shares of the investment management company’s stock valued at $851,000 after buying an additional 856 shares during the last quarter. Morris Retirement Advisors LLC raised its stake in shares of BlackRock Corporate High Yield Fund by 6.4% during the 3rd quarter. Morris Retirement Advisors LLC now owns 19,112 shares of the investment management company’s stock valued at $233,000 after buying an additional 1,142 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of BlackRock Corporate High Yield Fund by 2.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 54,482 shares of the investment management company’s stock valued at $671,000 after buying an additional 1,455 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of BlackRock Corporate High Yield Fund by 1.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 120,583 shares of the investment management company’s stock valued at $1,471,000 after buying an additional 1,536 shares during the last quarter. Finally, 9258 Wealth Management LLC raised its stake in shares of BlackRock Corporate High Yield Fund by 5.3% during the 2nd quarter. 9258 Wealth Management LLC now owns 36,794 shares of the investment management company’s stock valued at $453,000 after buying an additional 1,840 shares during the last quarter.

NYSE HYT opened at $11.94 on Friday. The stock has a 50-day simple moving average of $12.10 and a two-hundred day simple moving average of $12.26. BlackRock Corporate High Yield Fund, Inc. has a fifty-two week low of $11.00 and a fifty-two week high of $12.69.

The business also recently disclosed a monthly dividend, which was paid on Tuesday, January 11th. Shareholders of record on Friday, December 31st were paid a dividend of $0.0779 per share. The ex-dividend date was Thursday, December 30th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.83%.

BlackRock Corporate High Yield Fund 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.

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