Wolverine Asset Management LLC Invests $706,000 in PGIM Global High Yield Fund, Inc $GHY

Wolverine Asset Management LLC bought a new position in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 54,782 shares of the company’s stock, valued at approximately $706,000.

Other large investors have also recently bought and sold shares of the company. CoreCap Advisors LLC lifted its holdings in shares of PGIM Global High Yield Fund by 53.8% during the third quarter. CoreCap Advisors LLC now owns 7,337 shares of the company’s stock valued at $95,000 after acquiring an additional 2,567 shares during the period. Allworth Financial LP acquired a new stake in shares of PGIM Global High Yield Fund during the 2nd quarter worth about $107,000. Uncommon Cents Investing LLC acquired a new stake in shares of PGIM Global High Yield Fund during the 3rd quarter worth about $133,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in PGIM Global High Yield Fund during the 3rd quarter valued at about $169,000. Finally, Jane Street Group LLC lifted its holdings in PGIM Global High Yield Fund by 28.6% during the 2nd quarter. Jane Street Group LLC now owns 13,878 shares of the company’s stock valued at $186,000 after purchasing an additional 3,090 shares during the last quarter.

Insiders Place Their Bets

In other PGIM Global High Yield Fund news, Director Brian Reid sold 4,706 shares of PGIM Global High Yield Fund stock in a transaction on Friday, November 7th. The stock was sold at an average price of $12.56, for a total value of $59,107.36. Following the completion of the transaction, the director owned 11,130 shares in the company, valued at approximately $139,792.80. The trade was a 29.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

PGIM Global High Yield Fund Stock Up 0.2%

Shares of PGIM Global High Yield Fund stock opened at $12.59 on Friday. PGIM Global High Yield Fund, Inc has a 1-year low of $11.31 and a 1-year high of $13.74. The firm’s 50-day moving average price is $12.38 and its two-hundred day moving average price is $12.82.

PGIM Global High Yield Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 12th will be given a dividend of $0.105 per share. The ex-dividend date is Thursday, February 12th. This represents a c) dividend on an annualized basis and a yield of 10.0%.

PGIM Global High Yield Fund Company Profile

PGIM Global High Yield Fund (NYSE: GHY) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in high-yield corporate debt securities. Managed by PGIM, the global investment management business of Prudential Financial, Inc, the fund offers investors access to a diversified portfolio of bonds issued by companies around the world. Its objective is to capitalize on credit spread opportunities in both developed and emerging markets.

The fund’s investment strategy centers on fundamental credit research and bottom-up security selection.