NewEdge Advisors LLC Lowers Stake in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

NewEdge Advisors LLC lessened its stake in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 5.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 35,130 shares of the company’s stock after selling 2,200 shares during the period. NewEdge Advisors LLC’s holdings in PGIM High Yield Bond Fund were worth $481,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ISD. Jane Street Group LLC acquired a new stake in PGIM High Yield Bond Fund in the 3rd quarter valued at approximately $322,000. SteelPeak Wealth LLC increased its holdings in PGIM High Yield Bond Fund by 7.0% in the 4th quarter. SteelPeak Wealth LLC now owns 698,968 shares of the company’s stock valued at $9,635,000 after purchasing an additional 45,878 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in 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 purchasing an additional 2,731 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in PGIM High Yield Bond Fund in the 4th quarter valued at approximately $8,765,000. Finally, Aviance Capital Partners LLC increased its holdings in PGIM High Yield Bond Fund by 17.3% in the 4th quarter. Aviance Capital Partners LLC now owns 49,978 shares of the company’s stock valued at $684,000 after purchasing an additional 7,358 shares during the last quarter.

PGIM High Yield Bond Fund Trading Down 1.0 %

PGIM High Yield Bond Fund stock opened at $13.34 on Tuesday. The firm has a 50 day moving average price of $13.72 and a 200 day moving average price of $13.83. PGIM High Yield Bond Fund, Inc. has a fifty-two week low of $11.82 and a fifty-two week high of $14.49.

PGIM High Yield Bond Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.105 dividend. The ex-dividend date was Thursday, March 13th. This represents a dividend yield of 9.08%.

About PGIM High Yield Bond Fund

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).