Rivernorth Capital Management Lowers stake in Blackrock Corporate High Yield Fund Inc (HYT)

Blackrock Corporate High Yield Fund Inc (HYT) : Rivernorth Capital Management reduced its stake in Blackrock Corporate High Yield Fund Inc by 0.96% during the most recent quarter end. The investment management company now holds a total of 2,887,562 shares of Blackrock Corporate High Yield Fund Inc which is valued at $31,243,421 after selling 27,879 shares in Blackrock Corporate High Yield Fund Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Blackrock Corporate High Yield Fund Inc makes up approximately 1.78% of Rivernorth Capital Management’s portfolio.

Other Hedge Funds, Including , Vident Investment Advisory reduced its stake in HYT by selling 153,662 shares or 43.75% in the most recent quarter. The Hedge Fund company now holds 197,574 shares of HYT which is valued at $2,137,751. Blackrock Corporate High Yield Fund Inc makes up approx 0.29% of Vident Investment Advisory’s portfolio.State Of New Jersey Common Pension Fund D boosted its stake in HYT in the latest quarter, The investment management firm added 61,352 additional shares and now holds a total of 261,352 shares of Blackrock Corporate High Yield Fund Inc which is valued at $2,780,785. Blackrock Corporate High Yield Fund Inc makes up approx 0.01% of State Of New Jersey Common Pension Fund D’s portfolio. Spectrum Management Group sold out all of its stake in HYT during the most recent quarter. The investment firm sold 5,338 shares of HYT which is valued $57,437.

Blackrock Corporate High Yield Fund Inc opened for trading at $10.9 and hit $10.925 on the upside on Thursday, eventually ending the session at $10.92, with a gain of 0.37% or 0.04 points. The heightened volatility saw the trading volume jump to 3,55,963 shares. Company has a market cap of $402 M.

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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