Private Advisor Group LLC Decreases Stock Holdings in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Private Advisor Group LLC reduced its position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 6.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 172,501 shares of the company’s stock after selling 11,328 shares during the period. Private Advisor Group LLC’s holdings in PGIM High Yield Bond Fund were worth $2,405,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its stake in PGIM High Yield Bond Fund by 3.3% in the second quarter. Commonwealth Equity Services LLC now owns 544,628 shares of the company’s stock valued at $7,015,000 after acquiring an additional 17,288 shares in the last quarter. SteelPeak Wealth LLC grew its stake in PGIM High Yield Bond Fund by 117.4% during the 2nd quarter. SteelPeak Wealth LLC now owns 487,696 shares of the company’s stock worth $6,282,000 after buying an additional 263,316 shares during the last quarter. Raymond James & Associates grew its stake in PGIM High Yield Bond Fund by 4.1% during the 3rd quarter. Raymond James & Associates now owns 454,752 shares of the company’s stock worth $6,339,000 after buying an additional 18,025 shares during the last quarter. Shaker Financial Services LLC increased its position in PGIM High Yield Bond Fund by 28.6% during the 2nd quarter. Shaker Financial Services LLC now owns 208,631 shares of the company’s stock valued at $2,687,000 after buying an additional 46,451 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in PGIM High Yield Bond Fund by 8.3% in the second quarter. Cetera Investment Advisers now owns 171,893 shares of the company’s stock valued at $2,214,000 after buying an additional 13,116 shares during the last quarter.

PGIM High Yield Bond Fund Stock Performance

Shares of ISD stock opened at $13.96 on Tuesday. PGIM High Yield Bond Fund, Inc. has a fifty-two week low of $11.02 and a fifty-two week high of $14.16. The stock’s 50-day simple moving average is $13.87 and its 200-day simple moving average is $13.23.

PGIM High Yield Bond Fund Announces Dividend

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

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).