Penserra Capital Management LLC Buys Shares of 382,569 PGIM Global High Yield Fund, Inc (NYSE:GHY)

Penserra Capital Management LLC purchased a new position in PGIM Global High Yield Fund, Inc (NYSE:GHY) in the third quarter, Holdings Channel reports. The institutional investor purchased 382,569 shares of the company’s stock, valued at approximately $4,889,000.

A number of other large investors have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in PGIM Global High Yield Fund by 4.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 23,030 shares of the company’s stock worth $274,000 after purchasing an additional 1,050 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of PGIM Global High Yield Fund by 0.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 232,899 shares of the company’s stock worth $2,767,000 after buying an additional 1,221 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in shares of PGIM Global High Yield Fund by 5.2% in the third quarter. SeaCrest Wealth Management LLC now owns 25,078 shares of the company’s stock worth $320,000 after buying an additional 1,246 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of PGIM Global High Yield Fund in the third quarter valued at approximately $36,000. Finally, Activest Wealth Management grew its stake in PGIM Global High Yield Fund by 23.3% during the third quarter. Activest Wealth Management now owns 20,961 shares of the company’s stock valued at $268,000 after acquiring an additional 3,961 shares in the last quarter.

PGIM Global High Yield Fund Stock Up 1.7 %

PGIM Global High Yield Fund stock opened at $12.90 on Monday. The firm’s 50 day simple moving average is $12.67 and its 200 day simple moving average is $12.34. PGIM Global High Yield Fund, Inc has a 1-year low of $10.86 and a 1-year high of $13.11.

PGIM Global High Yield Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $0.105 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a dividend yield of 10.08%.

About PGIM Global High Yield Fund

PGIM Global Short Duration High Yield Fund, Inc is a closed ended fixed income mutual fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income. It invests in fixed income markets across the globe. The fund primarily invests in high yield fixed income instruments of varying maturities that are rated Ba1 or lower by Moody’s Investors Service, Inc or BB+ or lower by Standard & Poor’s Ratings Services.