Shaker Financial Services LLC Sells 29,023 Shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Shaker Financial Services LLC cut its position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 13.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 179,608 shares of the company’s stock after selling 29,023 shares during the period. Shaker Financial Services LLC’s holdings in PGIM High Yield Bond Fund were worth $2,504,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ISD. Clean Yield Group acquired a new position in PGIM High Yield Bond Fund in the first quarter valued at about $26,000. International Assets Investment Management LLC boosted its position in PGIM High Yield Bond Fund by 10.3% in the second quarter. International Assets Investment Management LLC now owns 17,331 shares of the company’s stock valued at $223,000 after buying an additional 1,625 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in PGIM High Yield Bond Fund in the second quarter valued at about $258,000. Cetera Advisors LLC boosted its position in PGIM High Yield Bond Fund by 5.5% in the first quarter. Cetera Advisors LLC now owns 76,416 shares of the company’s stock valued at $993,000 after buying an additional 3,996 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in PGIM High Yield Bond Fund by 169.3% in the first quarter. Cetera Investment Advisers now owns 158,777 shares of the company’s stock valued at $2,063,000 after buying an additional 99,821 shares in the last quarter.

PGIM High Yield Bond Fund Trading Up 1.5 %

Shares of ISD stock opened at $14.10 on Thursday. PGIM High Yield Bond Fund, Inc. has a 1 year low of $11.42 and a 1 year high of $14.20. The firm’s 50 day moving average is $13.92 and its 200-day moving average is $13.32.

PGIM High Yield Bond Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.105 per share. The ex-dividend date was Thursday, September 12th. This represents a dividend yield of 9.09%.

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).