Absolute Advisers Adds BlackRock's HYT ETF to Its Alternative Investment Approach

1 week ago 8

Sarah Sidlow, The Motley Fool

Thu, April 23, 2026 astatine 6:56 AM CDT 4 min read

According to an SEC filing dated April 22, Absolute Investment Advisers, LLC, initiated a caller presumption successful the BlackRock Corporate High Yield Fund (NYSE:HYT) by purchasing 1,191,864 shares. The estimated transaction value, based connected the mean closing terms for the quarter, was astir $10.44 million. The worth of the caller presumption astatine quarter-end was $10.15 million, reflecting some the commercialized and terms movements during the period.

The caller HYT involvement represents 1.19% of Absolute Investment Advisers’ 13F assets nether absorption pursuing the filing.
Top holdings aft the quarter:
- Granite Construction Inc. 3.250% convertible note: $24.6 cardinal (2.9% of AUM)
- MKS Inc. 1.250% convertible note: $20.2 cardinal (2.28% of AUM)
- Patrick Industries 1.750% convertible note: $18.9 cardinal (2.2% of AUM)
- OSI Systems 2.250% convertible note: $18.45 cardinal (2.16% of AUM)
- Tetra Tech 2.250% convertible bond: $18.4 cardinal (2.16% of AUM)
As of April 21, 2026, HYT shares were priced astatine $8.67, up 4.82% connected a full instrumentality ground implicit 1 year, but lagging the S&P 500 by 33.8 percent points.
HYT’s existent dividend output is 10.8%, with shares priced astatine 12.1% beneath their 52-week high.

Metric

Value

Revenue (TTM)	$149.2 million
Net income (TTM)	$145.86 million
Dividend yield	10.8%
Price (as of marketplace adjacent April 21, 2026)	$8.67

Offers vulnerability to high-yield fixed-income securities, including firm bonds, loans, convertible debt, and preferred securities chiefly rated beneath concern grade.
Generates income by investing successful a diversified portfolio of high-yield bonds and related instruments, seeking to present charismatic risk-adjusted returns done progressive recognition enactment and portfolio management.
Targets organization and retail investors seeking enhanced output and diversification done entree to home and planetary high-yield recognition markets.

BlackRock Corporate High Yield Fund is simply a closed-end money managed by BlackRock Advisors, LLC, focusing connected high-yield fixed-income investments worldwide. The money leverages BlackRock's recognition probe and portfolio absorption expertise to place opportunities successful beneath concern people firm debt. Its strategy aims to supply shareholders with a precocious level of existent income and full instrumentality by actively managing a diversified portfolio crossed sectors and geographies.

It’s important to presumption this presumption wrong the discourse of Absolute Advisers’ stated concern mission, which is to “provide concern strategies with unsocial sources of hazard and instrumentality that grounds debased sensitivity to accepted stocks and bonds.” This strategy is evident successful the group’s apical 5 holdings, which are each firm bonds, arsenic good arsenic successful its caller presumption successful BlackRock’s HYT ETF.

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