Readystate Asset Management LP grew its stake in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD – Free Report) by 350.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,863 shares of the company’s stock after buying an additional 60,583 shares during the quarter. Readystate Asset Management LP’s holdings in PGIM High Yield Bond Fund were worth $1,017,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mallini Complete Financial Planning LLC raised its stake in shares of PGIM High Yield Bond Fund by 4.2% during the second quarter. Mallini Complete Financial Planning LLC now owns 23,330 shares of the company’s stock valued at $305,000 after acquiring an additional 938 shares during the last quarter. Intellus Advisors LLC grew its stake in shares of PGIM High Yield Bond Fund by 9.6% in the fourth quarter. Intellus Advisors LLC now owns 17,494 shares of the company’s stock worth $253,000 after purchasing an additional 1,527 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of PGIM High Yield Bond Fund by 3.9% in the third quarter. Envestnet Asset Management Inc. now owns 42,010 shares of the company’s stock worth $604,000 after purchasing an additional 1,567 shares during the last quarter. Private Advisor Group LLC increased its holdings in PGIM High Yield Bond Fund by 1.1% during the 1st quarter. Private Advisor Group LLC now owns 150,223 shares of the company’s stock valued at $1,977,000 after purchasing an additional 1,596 shares during the period. Finally, Fifth Third Bancorp purchased a new position in PGIM High Yield Bond Fund during the 1st quarter valued at about $26,000.
PGIM High Yield Bond Fund Trading Down 0.1%
NYSE ISD opened at $12.23 on Tuesday. PGIM High Yield Bond Fund, Inc. has a fifty-two week low of $12.21 and a fifty-two week high of $14.79. The stock has a 50 day simple moving average of $12.56 and a two-hundred day simple moving average of $13.05.
PGIM High Yield Bond Fund Dividend Announcement
PGIM High Yield Bond Fund Company 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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