What happened
According to an SEC filing dated April 22, Absolute Investment Advisers, LLC, initiated a new position in the BlackRock Corporate High Yield Fund (HYT 0.23%) by purchasing 1,191,864 shares. The estimated transaction value, based on the average closing price for the quarter, was approximately $10.44 million. The value of the new position at quarter-end was $10.15 million, reflecting both the trade and price movements during the period.
What else to know
- The new HYT stake represents 1.19% of Absolute Investment Advisers’ 13F assets under management following the filing.
- Top holdings after the quarter:
- Granite Construction Inc. 3.250% convertible note: $24.6 million (2.9% of AUM)
- MKS Inc. 1.250% convertible note: $20.2 million (2.28% of AUM)
- Patrick Industries 1.750% convertible note: $18.9 million (2.2% of AUM)
- OSI Systems 2.250% convertible note: $18.45 million (2.16% of…
