Clay Northam Wealth Management LLC Takes $131,000 Position in PGIM Global High Yield Fund, Inc (NYSE:GHY)

Clay Northam Wealth Management LLC purchased a new position in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 10,661 shares of the company’s stock, valued at approximately $131,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in shares of PGIM Global High Yield Fund in the second quarter valued at approximately $576,000. Northwestern Mutual Wealth Management Co. lifted its stake in PGIM Global High Yield Fund by 4.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 23,030 shares of the company’s stock valued at $274,000 after acquiring an additional 1,050 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in PGIM Global High Yield Fund during the 3rd quarter worth $36,000. SeaCrest Wealth Management LLC grew its stake in shares of PGIM Global High Yield Fund by 5.2% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 25,078 shares of the company’s stock worth $320,000 after acquiring an additional 1,246 shares in the last quarter. Finally, Activest Wealth Management raised its holdings in shares of PGIM Global High Yield Fund by 23.3% in the third quarter. Activest Wealth Management now owns 20,961 shares of the company’s stock valued at $268,000 after purchasing an additional 3,961 shares during the last quarter.

PGIM Global High Yield Fund Stock Up 0.5 %

Shares of GHY stock opened at $13.04 on Tuesday. PGIM Global High Yield Fund, Inc has a 52-week low of $11.11 and a 52-week high of $13.45. The company has a 50-day simple moving average of $12.77 and a two-hundred day simple moving average of $12.65.

PGIM Global High Yield Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.105 dividend. This represents a dividend yield of 9.75%. The ex-dividend date was Thursday, December 12th.

Insider Activity at PGIM Global High Yield Fund

In related news, Director Barry H. Evans sold 41,885 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $12.99, for a total transaction of $544,086.15. Following the completion of the sale, the director now owns 42,053 shares in the company, valued at approximately $546,268.47. This trade represents a 49.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

PGIM Global High Yield Fund Profile

PGIM Global Short Duration High Yield Fund, Inc is a closed ended fixed income mutual fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income. It invests in fixed income markets across the globe. The fund primarily invests in high yield fixed income instruments of varying maturities that are rated Ba1 or lower by Moody’s Investors Service, Inc or BB+ or lower by Standard & Poor’s Ratings Services.