Advisors Asset Management Inc. Has $2.45 Million Position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Advisors Asset Management Inc. cut its holdings in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 33.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179,261 shares of the company’s stock after selling 89,558 shares during the period. Advisors Asset Management Inc.’s holdings in PGIM High Yield Bond Fund were worth $2,452,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. SteelPeak Wealth LLC boosted its position in PGIM High Yield Bond Fund by 7.0% during the 4th quarter. SteelPeak Wealth LLC now owns 698,968 shares of the company’s stock worth $9,635,000 after buying an additional 45,878 shares during the period. Raymond James Financial Inc. acquired a new stake in PGIM High Yield Bond Fund during the 4th quarter worth approximately $8,765,000. Commonwealth Equity Services LLC boosted its position in PGIM High Yield Bond Fund by 8.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 630,031 shares of the company’s stock worth $8,619,000 after buying an additional 48,558 shares during the period. Penserra Capital Management LLC acquired a new stake in PGIM High Yield Bond Fund during the 3rd quarter worth approximately $5,007,000. Finally, Aviance Capital Partners LLC boosted its position in PGIM High Yield Bond Fund by 17.3% during the 4th quarter. Aviance Capital Partners LLC now owns 49,978 shares of the company’s stock worth $684,000 after buying an additional 7,358 shares during the period.

PGIM High Yield Bond Fund Stock Performance

PGIM High Yield Bond Fund stock opened at $14.35 on Friday. PGIM High Yield Bond Fund, Inc. has a 52-week low of $12.21 and a 52-week high of $14.49. The firm has a 50 day moving average price of $14.02 and a two-hundred day moving average price of $13.94.

PGIM High Yield Bond Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a yield of 9.08%.

PGIM High Yield Bond Fund Company Profile

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).