Capital Investment Advisors Lowers stake in Blackrock Corporate High Yield Fund Inc (HYT)

Blackrock Corporate High Yield Fund Inc (HYT) : Capital Investment Advisors reduced its stake in Blackrock Corporate High Yield Fund Inc by 7.66% during the most recent quarter end. The investment management company now holds a total of 985,854 shares of Blackrock Corporate High Yield Fund Inc which is valued at $9,957,125 after selling 81,740 shares in Blackrock Corporate High Yield Fund Inc , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.Blackrock Corporate High Yield Fund Inc makes up approximately 0.97% of Capital Investment Advisors’s portfolio.

Blackrock Corporate High Yield Fund Inc opened for trading at $10.1 and hit $10.14 on the upside on Monday, eventually ending the session at $10.14, with a gain of 0.40% or 0.04 points. The heightened volatility saw the trading volume jump to 3,74,637 shares. Company has a market cap of $373 M.

Other Hedge Funds, Including , New England Investment Retirement Group sold out all of its stake in HYT during the most recent quarter. The investment firm sold 167,708 shares of HYT which is valued $1,693,851. Eagle Asset Management Inc added HYT to its portfolio by purchasing 331,253 company shares during the most recent quarter which is valued at $3,315,843. Blackrock Corporate High Yield Fund Inc makes up approx 0.02% of Eagle Asset Management Inc’s portfolio.Creative Planning boosted its stake in HYT in the latest quarter, The investment management firm added 3,265 additional shares and now holds a total of 10,671 shares of Blackrock Corporate High Yield Fund Inc which is valued at $106,817.

BlackRock Corporate High Yield Fund Inc (the Trust) is a closed-end management investment company. The Trust’s primary investment objective is to provide shareholders with current income. The Trust’s secondary investment objective is to provide shareholders with capital appreciation. The Trust seeks to achieve its objectives by investing under normal market conditions at least 80% of its assets in domestic and foreign high yield securities including high yield bonds corporate loans convertible debt securities and preferred securities which are below investment grade quality. The Trust may invest directly in such securities or synthetically through the use of derivatives. BlackRock Advisors LLC is the manager of the Trust.

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