Level Four Advisory Services LLC Takes Position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Level Four Advisory Services LLC bought a new position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,419 shares of the company’s stock, valued at approximately $143,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Intellus Advisors LLC purchased a new position in PGIM High Yield Bond Fund in the 4th quarter worth $157,000. IHT Wealth Management LLC grew its position in PGIM High Yield Bond Fund by 67.8% during the 3rd quarter. IHT Wealth Management LLC now owns 17,916 shares of the company’s stock worth $250,000 after acquiring an additional 7,240 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in PGIM High Yield Bond Fund by 14.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 21,808 shares of the company’s stock valued at $298,000 after purchasing an additional 2,731 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of PGIM High Yield Bond Fund during the third quarter valued at approximately $322,000. Finally, Modern Wealth Management LLC increased its stake in shares of PGIM High Yield Bond Fund by 12.6% in the fourth quarter. Modern Wealth Management LLC now owns 43,259 shares of the company’s stock worth $609,000 after buying an additional 4,826 shares during the period.

PGIM High Yield Bond Fund Stock Performance

ISD stock opened at $14.25 on Wednesday. PGIM High Yield Bond Fund, Inc. has a 12-month low of $12.21 and a 12-month high of $14.49. The firm’s 50-day moving average price is $14.10 and its two-hundred day moving average price is $13.96.

PGIM High Yield Bond Fund Dividend Announcement

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

PGIM High Yield Bond Fund Company 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).