Advisors Asset Management Inc. Sells 89,558 Shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Advisors Asset Management Inc. lowered its stake in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 33.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 179,261 shares of the company’s stock after selling 89,558 shares during the quarter. Advisors Asset Management Inc.’s holdings in PGIM High Yield Bond Fund were worth $2,452,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Concurrent Investment Advisors LLC increased its stake in shares of PGIM High Yield Bond Fund by 14.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 21,808 shares of the company’s stock valued at $298,000 after acquiring an additional 2,731 shares in the last quarter. FSA Wealth Management LLC bought a new stake in shares of PGIM High Yield Bond Fund in the 3rd quarter valued at $68,000. IHT Wealth Management LLC increased its stake in shares of PGIM High Yield Bond Fund by 67.8% in the 3rd quarter. IHT Wealth Management LLC now owns 17,916 shares of the company’s stock valued at $250,000 after acquiring an additional 7,240 shares in the last quarter. Aviance Capital Partners LLC increased its stake in shares of PGIM High Yield Bond Fund by 17.3% in the 4th quarter. Aviance Capital Partners LLC now owns 49,978 shares of the company’s stock valued at $684,000 after acquiring an additional 7,358 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of PGIM High Yield Bond Fund in the 3rd quarter valued at $322,000.

PGIM High Yield Bond Fund Stock Performance

Shares of ISD stock opened at $14.35 on Friday. The firm has a fifty day simple moving average of $14.02 and a two-hundred day simple moving average of $13.94. PGIM High Yield Bond Fund, Inc. has a 12 month low of $12.21 and a 12 month high of $14.49.

PGIM High Yield Bond Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.105 per share. The ex-dividend date is Thursday, March 13th. This represents a yield of 9.08%.

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).