PGIM High Yield Bond Fund (NYSE:ISD) Director Sells $242,563.53 in Stock

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Director Brian Reid sold 16,833 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $14.41, for a total value of $242,563.53. Following the transaction, the director directly owned 3,064 shares in the company, valued at approximately $44,152.24. The trade was a 84.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

PGIM High Yield Bond Fund Trading Down 0.2%

ISD opened at $14.54 on Thursday. PGIM High Yield Bond Fund, Inc. has a one year low of $11.82 and a one year high of $14.70. The business’s 50-day simple moving average is $14.46 and its 200-day simple moving average is $14.20.

PGIM High Yield Bond Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Thursday, November 13th will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a c) annualized dividend and a yield of 8.7%.

Institutional Investors Weigh In On PGIM High Yield Bond Fund

Large investors have recently modified their holdings of the company. LPL Financial LLC raised its position in PGIM High Yield Bond Fund by 1.6% in the 1st quarter. LPL Financial LLC now owns 138,543 shares of the company’s stock valued at $1,974,000 after purchasing an additional 2,123 shares during the last quarter. Cetera Investment Advisers increased its stake in PGIM High Yield Bond Fund by 1.0% in the first quarter. Cetera Investment Advisers now owns 178,935 shares of the company’s stock valued at $2,550,000 after purchasing an additional 1,854 shares during the period. Modern Wealth Management LLC raised its holdings in shares of PGIM High Yield Bond Fund by 2.1% in the first quarter. Modern Wealth Management LLC now owns 43,025 shares of the company’s stock valued at $613,000 after buying an additional 890 shares during the last quarter. Shaker Financial Services LLC acquired a new stake in shares of PGIM High Yield Bond Fund during the second quarter worth about $372,000. Finally, Townsquare Capital LLC acquired a new stake in shares of PGIM High Yield Bond Fund during the first quarter worth about $387,000.

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).