Concurrent Investment Advisors LLC Grows Holdings in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Concurrent Investment Advisors LLC grew its stake in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,808 shares of the company’s stock after buying an additional 2,731 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in PGIM High Yield Bond Fund were worth $298,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. FSA Wealth Management LLC purchased a new position in PGIM High Yield Bond Fund in the 3rd quarter worth $68,000. IHT Wealth Management LLC boosted its position in PGIM High Yield Bond Fund by 67.8% during the third quarter. IHT Wealth Management LLC now owns 17,916 shares of the company’s stock valued at $250,000 after buying an additional 7,240 shares during the period. Jane Street Group LLC bought a new position in shares of PGIM High Yield Bond Fund during the third quarter valued at about $322,000. Activest Wealth Management increased its holdings in shares of PGIM High Yield Bond Fund by 167.6% in the third quarter. Activest Wealth Management now owns 46,803 shares of the company’s stock worth $652,000 after buying an additional 29,314 shares during the period. Finally, Stifel Financial Corp bought a new stake in shares of PGIM High Yield Bond Fund in the 3rd quarter valued at about $675,000.

PGIM High Yield Bond Fund Stock Performance

Shares of ISD stock opened at $14.27 on Wednesday. The business has a 50-day moving average of $13.87 and a 200 day moving average of $13.87. PGIM High Yield Bond Fund, Inc. has a 1-year low of $12.20 and a 1-year high of $14.43.

PGIM High Yield Bond Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.105 per share. This represents a yield of 8.87%. The ex-dividend date of this dividend was Thursday, December 12th.

About PGIM High Yield Bond Fund

PGIM High Yield Bond Fund, Inc is a close ended fixed income mutual fund launched and managed by Prudential Investments LLC. The fund is co-managed by Prudential Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in a diversified portfolio of high yield fixed income instruments that are rated below investment grade (Ba1 or lower by Moody’s Investors Service, Inc or BB+ or lower by Standard & Poor’s Ratings Services).