Advisors Asset Management Inc. Has $3.75 Million Stock Holdings in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Advisors Asset Management Inc. lowered its position in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 22.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 268,819 shares of the company’s stock after selling 76,096 shares during the quarter. Advisors Asset Management Inc.’s holdings in PGIM High Yield Bond Fund were worth $3,747,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. SteelPeak Wealth LLC increased its holdings in shares of PGIM High Yield Bond Fund by 33.9% during the third quarter. SteelPeak Wealth LLC now owns 653,090 shares of the company’s stock worth $9,104,000 after buying an additional 165,394 shares in the last quarter. Commonwealth Equity Services LLC raised its position in PGIM High Yield Bond Fund by 3.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 544,628 shares of the company’s stock valued at $7,015,000 after purchasing an additional 17,288 shares during the last quarter. Raymond James & Associates boosted its stake in PGIM High Yield Bond Fund by 4.1% in the third quarter. Raymond James & Associates now owns 454,752 shares of the company’s stock worth $6,339,000 after purchasing an additional 18,025 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of PGIM High Yield Bond Fund by 1,294.0% during the third quarter. International Assets Investment Management LLC now owns 241,594 shares of the company’s stock worth $3,368,000 after purchasing an additional 224,263 shares during the last quarter. Finally, Shaker Financial Services LLC increased its stake in shares of PGIM High Yield Bond Fund by 28.6% in the second quarter. Shaker Financial Services LLC now owns 208,631 shares of the company’s stock valued at $2,687,000 after buying an additional 46,451 shares in the last quarter.

PGIM High Yield Bond Fund Stock Up 0.1 %

PGIM High Yield Bond Fund stock opened at $13.88 on Friday. The stock has a 50-day simple moving average of $13.91 and a 200 day simple moving average of $13.41. PGIM High Yield Bond Fund, Inc. has a 12-month low of $11.81 and a 12-month high of $14.43.

PGIM High Yield Bond Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a dividend yield of 9.09%.

PGIM High Yield Bond Fund 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).