Bridgewater Advisors Inc. Buys Shares of 18,100 PGIM Global High Yield Fund, Inc (NYSE:GHY)

Bridgewater Advisors Inc. acquired a new stake in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 18,100 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds have also recently made changes to their positions in GHY. Lazard Asset Management LLC increased its stake in PGIM Global High Yield Fund by 31.7% during the 3rd quarter. Lazard Asset Management LLC now owns 91,297 shares of the company’s stock valued at $984,000 after purchasing an additional 22,000 shares in the last quarter. CTC Alternative Strategies Ltd. purchased a new position in PGIM Global High Yield Fund in the 4th quarter worth $140,000. OLD National Bancorp IN acquired a new stake in PGIM Global High Yield Fund during the 3rd quarter worth about $159,000. Raymond James & Associates grew its stake in PGIM Global High Yield Fund by 1.8% during the 4th quarter. Raymond James & Associates now owns 70,996 shares of the company’s stock valued at $807,000 after purchasing an additional 1,234 shares during the last quarter. Finally, Shaker Financial Services LLC increased its holdings in shares of PGIM Global High Yield Fund by 39.6% in the third quarter. Shaker Financial Services LLC now owns 97,857 shares of the company’s stock valued at $1,055,000 after purchasing an additional 27,746 shares during the period.

PGIM Global High Yield Fund Trading Down 0.3 %

Shares of NYSE:GHY traded down $0.04 during trading on Tuesday, hitting $11.51. The stock had a trading volume of 110,591 shares, compared to its average volume of 178,163. The stock has a 50-day simple moving average of $11.61 and a two-hundred day simple moving average of $11.32. PGIM Global High Yield Fund, Inc has a 12-month low of $10.24 and a 12-month high of $12.01.

PGIM Global High Yield Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a dividend yield of 10.75%.

PGIM Global High Yield Fund Profile

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.