Raymond James Financial Inc. Takes $8.77 Million Position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Raymond James Financial Inc. purchased a new stake in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 640,680 shares of the company’s stock, valued at approximately $8,765,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ISD. FSA Wealth Management LLC bought a new stake in shares of PGIM High Yield Bond Fund in the 3rd quarter valued at about $68,000. IHT Wealth Management LLC increased its stake in shares of PGIM High Yield Bond Fund by 67.8% in the 3rd quarter. IHT Wealth Management LLC now owns 17,916 shares of the company’s stock valued at $250,000 after acquiring an additional 7,240 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of PGIM High Yield Bond Fund by 14.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 21,808 shares of the company’s stock valued at $298,000 after acquiring an additional 2,731 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of PGIM High Yield Bond Fund in the 3rd quarter valued at about $322,000. 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 Up 0.3 %

Shares of ISD stock opened at $14.35 on Friday. The stock has a 50-day moving average of $14.02 and a 200-day moving average of $13.94. PGIM High Yield Bond Fund, Inc. has a one year low of $12.21 and a one year high of $14.49.

PGIM High Yield Bond Fund Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.105 dividend. The ex-dividend date is Thursday, March 13th. This represents a dividend yield of 9.08%.

PGIM High Yield Bond Fund 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).