Blackrock Coporate High Yield Fund (NYSE:HYT) Stock Price Passes Above Two Hundred Day Moving Average of $0.00

Shares of Blackrock Coporate High Yield Fund (NYSE:HYT) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $10.69. Blackrock Coporate High Yield Fund shares last traded at $10.67, with a volume of 10,897 shares traded.

The firm has a 50 day moving average price of $10.48.

The company also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.072 per share. This is a positive change from Blackrock Coporate High Yield Fund’s previous monthly dividend of $0.07. This represents a $0.86 annualized dividend and a dividend yield of 8.06%. The ex-dividend date of this dividend was Thursday, June 13th.

Several hedge funds have recently bought and sold shares of the company. First Trust Advisors LP boosted its stake in shares of Blackrock Coporate High Yield Fund by 4.8% during the 1st quarter. First Trust Advisors LP now owns 115,868 shares of the investment management company’s stock worth $1,189,000 after acquiring an additional 5,321 shares in the last quarter. Vectors Research Management LLC boosted its stake in shares of Blackrock Coporate High Yield Fund by 37.4% during the 4th quarter. Vectors Research Management LLC now owns 368,784 shares of the investment management company’s stock worth $3,422,000 after acquiring an additional 100,328 shares in the last quarter. Kohlberg Kravis Roberts & Co. L.P. purchased a new stake in shares of Blackrock Coporate High Yield Fund during the 4th quarter worth about $1,731,000. Finally, Citigroup Inc. boosted its stake in shares of Blackrock Coporate High Yield Fund by 231.9% during the 4th quarter. Citigroup Inc. now owns 862,808 shares of the investment management company’s stock worth $8,007,000 after acquiring an additional 602,861 shares in the last quarter.

Blackrock Coporate High Yield Fund Company Profile (NYSE:HYT)

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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