Shaker Financial Services LLC Sells 29,023 Shares of PGIM High Yield Bond Fund, Inc. (NYSE:ISD)

Shaker Financial Services LLC lessened its position in PGIM High Yield Bond Fund, Inc. (NYSE:ISD) by 13.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 179,608 shares of the company’s stock after selling 29,023 shares during the period. Shaker Financial Services LLC’s holdings in PGIM High Yield Bond Fund were worth $2,504,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Clean Yield Group bought a new stake in PGIM High Yield Bond Fund in the first quarter valued at approximately $26,000. International Assets Investment Management LLC increased its stake in PGIM High Yield Bond Fund by 10.3% in the second quarter. International Assets Investment Management LLC now owns 17,331 shares of the company’s stock valued at $223,000 after purchasing an additional 1,625 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in PGIM High Yield Bond Fund in the second quarter valued at approximately $258,000. Cetera Advisors LLC increased its stake in PGIM High Yield Bond Fund by 5.5% in the first quarter. Cetera Advisors LLC now owns 76,416 shares of the company’s stock valued at $993,000 after purchasing an additional 3,996 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of PGIM High Yield Bond Fund by 169.3% during the first quarter. Cetera Investment Advisers now owns 158,777 shares of the company’s stock worth $2,063,000 after acquiring an additional 99,821 shares in the last quarter.

PGIM High Yield Bond Fund Price Performance

Shares of ISD stock opened at $14.10 on Thursday. The firm has a fifty day moving average of $13.92 and a 200-day moving average of $13.32. PGIM High Yield Bond Fund, Inc. has a 12-month low of $11.42 and a 12-month high of $14.20.

PGIM High Yield Bond Fund Dividend Announcement

The business also recently disclosed 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. This represents a dividend yield of 9.09%. The ex-dividend date was Thursday, September 12th.

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).