PGIM High Yield Bond Fund, Inc. (NYSE:ISD) Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC lowered its position in shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,130 shares of the company’s stock after selling 2,200 shares during the period. NewEdge Advisors LLC’s holdings in PGIM High Yield Bond Fund were worth $481,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of PGIM High Yield Bond Fund during the third quarter worth $322,000. Invesco Ltd. grew its stake in shares of PGIM High Yield Bond Fund by 4.3% during the fourth quarter. Invesco Ltd. now owns 390,759 shares of the company’s stock worth $5,346,000 after purchasing an additional 16,152 shares in the last quarter. Wells Fargo & Company MN lifted its position in PGIM High Yield Bond Fund by 10.3% in the fourth quarter. Wells Fargo & Company MN now owns 190,386 shares of the company’s stock valued at $2,604,000 after acquiring an additional 17,806 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in PGIM High Yield Bond Fund in the fourth quarter valued at $8,765,000. Finally, Intellus Advisors LLC purchased a new stake in PGIM High Yield Bond Fund in the fourth quarter valued at $157,000.

PGIM High Yield Bond Fund Price Performance

Shares of ISD opened at $13.34 on Tuesday. PGIM High Yield Bond Fund, Inc. has a 1-year low of $11.82 and a 1-year high of $14.49. The firm has a fifty day moving average price of $13.72 and a 200 day moving average price of $13.83.

PGIM High Yield Bond Fund Announces Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.105 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a yield of 9.08%.

About PGIM High Yield Bond Fund

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).