Northwestern Mutual Wealth Management Co. boosted its stake in PGIM High Yield Bond Fund, Inc. (NYSE:ISD – Free Report) by 39.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 159,147 shares of the company’s stock after acquiring an additional 45,082 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in PGIM High Yield Bond Fund were worth $2,303,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. increased its stake in PGIM High Yield Bond Fund by 7.3% during the second quarter. Raymond James Financial Inc. now owns 758,216 shares of the company’s stock worth $10,744,000 after purchasing an additional 51,614 shares during the period. SteelPeak Wealth LLC increased its stake in PGIM High Yield Bond Fund by 3.2% during the fourth quarter. SteelPeak Wealth LLC now owns 739,654 shares of the company’s stock worth $10,780,000 after purchasing an additional 22,693 shares during the period. Bank of America Corp DE increased its stake in PGIM High Yield Bond Fund by 8.0% during the third quarter. Bank of America Corp DE now owns 498,694 shares of the company’s stock worth $7,171,000 after purchasing an additional 37,136 shares during the period. Ameriprise Financial Inc. increased its stake in PGIM High Yield Bond Fund by 8.6% during the third quarter. Ameriprise Financial Inc. now owns 286,143 shares of the company’s stock worth $4,115,000 after purchasing an additional 22,674 shares during the period. Finally, Royal Bank of Canada increased its stake in PGIM High Yield Bond Fund by 4.5% during the first quarter. Royal Bank of Canada now owns 210,373 shares of the company’s stock worth $2,997,000 after purchasing an additional 8,976 shares during the period.
PGIM High Yield Bond Fund Trading Down 0.5%
Shares of NYSE:ISD opened at $12.82 on Friday. The firm’s 50-day moving average is $13.15 and its two-hundred day moving average is $13.95. PGIM High Yield Bond Fund, Inc. has a 1 year low of $12.53 and a 1 year high of $14.79.
PGIM High Yield Bond Fund Dividend Announcement
PGIM High Yield Bond Fund Profile
PGIM High Yield Bond Fund (NYSE:ISD) is an exchange‐traded fund designed to provide investors with broad exposure to the high yield corporate debt market. Launched and managed by PGIM Investments, the fund seeks to generate current income by investing predominantly in U.S. dollar‐denominated below‐investment‐grade corporate bonds. Through its open‐end structure, ISD offers daily liquidity, allowing investors to gain access to a diversified portfolio of high yield debt instruments across a range of industries.
The fund’s investment approach emphasizes rigorous, bottom‐up credit research conducted by PGIM’s global fixed income team.
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Want to see what other hedge funds are holding ISD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PGIM High Yield Bond Fund, Inc. (NYSE:ISD – Free Report).
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