Advisor Resource Council Acquires New Holdings in PGIM Global High Yield Fund, Inc (NYSE:GHY)

Advisor Resource Council acquired a new stake in PGIM Global High Yield Fund, Inc (NYSE:GHY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,658 shares of the company’s stock, valued at approximately $136,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in PGIM Global High Yield Fund in the 2nd quarter valued at approximately $576,000. Cetera Investment Advisers lifted its stake in PGIM Global High Yield Fund by 313.6% in the 1st quarter. Cetera Investment Advisers now owns 251,438 shares of the company’s stock valued at $3,007,000 after purchasing an additional 190,648 shares during the last quarter. Cetera Advisors LLC raised its stake in shares of PGIM Global High Yield Fund by 23.4% during the first quarter. Cetera Advisors LLC now owns 144,278 shares of the company’s stock valued at $1,726,000 after acquiring an additional 27,377 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of PGIM Global High Yield Fund by 0.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 232,899 shares of the company’s stock valued at $2,767,000 after acquiring an additional 1,221 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of PGIM Global High Yield Fund by 4.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 23,030 shares of the company’s stock valued at $274,000 after acquiring an additional 1,050 shares during the last quarter.

Insider Activity

In other news, Director Barry H. Evans sold 3,747 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $12.47, for a total transaction of $46,725.09. Following the completion of the transaction, the director now owns 83,938 shares of the company’s stock, valued at approximately $1,046,706.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

PGIM Global High Yield Fund Stock Up 1.3 %

GHY stock opened at $12.87 on Friday. The company has a fifty day moving average price of $12.66 and a 200-day moving average price of $12.25. PGIM Global High Yield Fund, Inc has a 52-week low of $10.54 and a 52-week high of $12.94.

PGIM Global High Yield Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.105 per share. This represents a dividend yield of 10.08%. The ex-dividend date of this dividend was Thursday, September 12th.

PGIM Global High Yield Fund Company 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.