Pine Valley Investments Ltd Liability Co Takes Position in PGIM Global High Yield Fund, Inc (NYSE:GHY)

Pine Valley Investments Ltd Liability Co acquired a new position in shares of PGIM Global High Yield Fund, Inc (NYSE:GHY) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 14,000 shares of the company’s stock, valued at approximately $179,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Avestar Capital LLC lifted its stake in PGIM Global High Yield Fund by 64.3% during the third quarter. Avestar Capital LLC now owns 114,940 shares of the company’s stock worth $1,469,000 after purchasing an additional 45,000 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of PGIM Global High Yield Fund in the 3rd quarter valued at $4,889,000. Activest Wealth Management lifted its stake in PGIM Global High Yield Fund by 23.3% during the 3rd quarter. Activest Wealth Management now owns 20,961 shares of the company’s stock worth $268,000 after acquiring an additional 3,961 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in PGIM Global High Yield Fund by 2.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 800,239 shares of the company’s stock valued at $10,227,000 after acquiring an additional 20,555 shares during the period. Finally, Advisor Resource Council acquired a new position in PGIM Global High Yield Fund in the 3rd quarter valued at about $136,000.

Insiders Place Their Bets

In other PGIM Global High Yield Fund news, Director Barry H. Evans sold 41,885 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $12.99, for a total transaction of $544,086.15. Following the sale, the director now owns 42,053 shares in the company, valued at $546,268.47. This represents a 49.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

PGIM Global High Yield Fund Price Performance

Shares of GHY opened at $12.84 on Friday. The company’s 50-day simple moving average is $12.71 and its 200-day simple moving average is $12.45. PGIM Global High Yield Fund, Inc has a 1 year low of $11.05 and a 1 year high of $13.11.

PGIM Global High Yield Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.105 per share. The ex-dividend date is Thursday, December 12th. This represents a yield of 9.75%.

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.